Lebanon痴 Registers $289Mn BalanceOf Payments Deficit In 2000; Taps Eurobond Market
According to the Central Bank ofLebanon, the overall balance-of-payments deficit for 2000 was $289mn, comparedto a $261mn surplus in 1999. The bank added on 5 February that net public debtrose to $23.2bn last December, including gross external debt of $7bn. The sameday, Lebanon tapped its December 2004 Eurobond to raise another $200mn. Thespread, 425 bps over US Treasuries,...