No 47


Lebanon Marketing $200Mn Tap To2004 Eurobond In Thin Market

Lebanon is marketing a $200mn tapto its 2004 eurobond through lead arrangers Morgan Stanley and Citibank, althoughMEES understands that the chances of the issue closing are finelybalanced due to a lack of local liquidity and limited international appetitefor fresh Lebanese issues in view of the current standoff between Beirut andWashington over US demands that Hizbollah assets be frozen. I am not sure...