VOL. XLIII

No. 40

2-OCTOBER-2000

LEBANON

Lebanon Raises $450Mn With Bond Offering On International Debt Market

Against the background of an expanding budget and trade deficit and international concerns about fiscal and monetary management, Lebanon on 21 September issued a two-tranche, three-year $450mn bond to international and local investors with a maturity date on 29 September 2003 and a payment date on 28 September 2003. The fixed-rate issue amounted to $225mn with a coupon of 9.125% paid...