VOL. XLIII

No. 24

12-June-2000

LEBANON

Lebanese Banks Start To Tap Eurobond Market

Lebanese banks have started to tap the Eurobond market, now that favorable interest rate conditions have returned to the country following the withdrawal of Israeli troops from the south, with the Bank of Beirut and Credit Libanais issuing $115mn in Eurobonds for the week ending 2 June. "The investment community at large now views the events in the south as positive, especially since they have gone by without much...