VOL. XLVI

No 19

12-May-2003

LEBANON

CAPITAL MARKETS

Lebanons Eurobond Demand Climbs On Confidence In Government Finances

Over the last few weeks the Lebanese Eurobond market has seen prices hit record highs and yields fall as demand has markedly increased. The development is a result of increased confidence after the government was able to settle a maturing Eurobond in cash from the treasury for the first time since it first tapped the international markets in 1994 instead of rolling over the debt....