VOL. XLIV

No. 18

30-April-2001

LEBANON

Lebanon Launches $400Mn 15-Year Eurobond

Lebanons issue of a $400mn 15-year Eurobond, which closed on 19 April, is the countrys longest-maturity foreign debt to be issued to date and was exclusively offered to foreign investors. The sovereign issue was originally set at $300mn but was raised to $400mn in response to strong demand. It was lead-managed by Credit Suisse First Boston, carries a coupon of 11.625% and is priced at 647bps over 10-year US...