Middle East Economic Survey


No 46



Strong Appetite For Lebanons New Eurobonds

Following the recent issue of a mandate to Bank of Beirut and Credit Suisse to raise more than $700mn in two tranches of Eurobonds, Lebanon has given price guidance for the new issue which is needed to refinance maturing debt. According to a Dow Jones report the larger tranche of $500mn maturing in 2018 will carry a coupon of 5.15%, while the smaller tranche of more than $200mn...