VOL. XLIV

No. 16

16-April-2001

LEBANON

Lebanons $600Mn Eurobond Raised To $1Bn

Lebanon has raised $1bn from its latest five-year Eurobond issue, which closed on 6 April and matures on 24 April 2006. The issue, which carries a coupon of 9.875% and is priced at 536bps over equivalent US Treasuries, was originally set at $600mn but was raised to $1bn in response to higher demand from local banks and foreign investors. It was lead managed by BNP-Paribas, ABN Amro, Schroder Solomon Smith Barney and...