Middle East Economic Survey


No 21



Lebanon Issues New Eurobonds To Refinance Maturing Debt

Caretaker Lebanese Minister of Finance Raya al-Hasan has confirmed that her ministry has mandated Byblos Bank, Fransabank and HSBC to lead manage a refinancing of a Eurobond issue of $1bn maturing in mid- May. Speaking to the Arabic daily al-Hayat of 17 May, the minister said that she expected the deal to close by the end of last week. The issue will be offered to local and...