VOL. XLIV

No. 28

9-July-2001

LEBANON

Lebanon Set To Issue $400-600Mn 7-year Eurobond

The Lebanese Government is planning to tap international credit markets for a new seven-year eurobond worth $400-600mn, and to be managed by Merrill Lynch and Citigroups Salomon Smith Barney. Parliament on 21 June ratified the 2001 state budget, which contained a clause authorizing the issuance of new government debt in international markets worth $2bn this year. The new issue, which is expected to carry a yield...