Middle East Economic Survey

VOL. XLVII

No 29

19-July-2004

REGIONAL BANKING

Citigroup And Morgan Stanley To Manage Lebanese Debt Swap

The Lebanese Ministry of Finance has mandated two banks Citigroup and Morgan Stanley to manage the countrys planned debt swap for 2005, which was approved by the cabinet last month (MEES, 28 June). The cabinet then requested the Ministry of Finance and the Central Bank of Lebanon to arrange by September for a swap of high-interest Eurobond debt maturing in 2005 with...