VOL. XLVII

No 20

17-May-2004

LEBANON

CAPITAL MARKETS

Lebanon Rolls Over Debt With $1.2Bn Eurobond Issue

The Lebanese Government on 12 May issued Eurobonds worth a total of $1.2bn to roll over a portion of the countrys debt (estimated at $31.5bn in January) which falls due in 2004. The issue, which was managed by BNP Paribas and Credit Suisse First Boston, was made in two tranches $950mn and 225mn and was larger than many traders had expected. The $950mn tranche has a maturity of seven years and...