No 38

17 September 2001


LebanonIncreases June 2005 Eurobond To $850Mn

As part of its ongoing program torestructure its public debt, the Lebanese Ministry of Finance announced lastweek that it had raised to $850mn the amount of its existing $500mn five-yearEurobond, issued in June 2000 (MEES,26 June 2000). The new $350mn issue was lead managed by Merrill Lynch andMorgan Stanley, which arranged the original issue last year. The issue carriesthe same coupon rate of 9.375% as last...