Middle East Economic Survey

VOL. XLVIII

No 42

17-October-2005

LEBANON

Lebanon Issues $750Mn Eurobond

Lebanon on 7 October issued a $750mn 10-year Eurobond with a coupon of 8.5%, lead managed by two local banks, Bank Audi and Banque de la Méditerrannée, and Citigroup. The new issue, which was originally planned for $500mn only, was oversubscribed to the tune of $1bn. The dollar-dominated bond, rated B- by Standard & Poors and Fitch, and B3 by Moodys, will be listed in Beirut and Luxembourg. Last...