Middle East Economic Survey

VOL. LIII

No 47

22-Nov-2010

LEBANON

Lebanons $725Mn Eurobond Three Times Oversubscribed

Lebanons latest Eurobond issue of $725mn, which closed in the second week of November, was three times oversubscribed, the Ministry of Finance announced in a statement on 12 November. The ministry said that the issue, arranged by Bank of Beirut and Credit Suisse, consisted of two tranches $500mn maturing in 2018 with a coupon of 5.15% and $225mn maturing in 2011 with a coupon...