VOL. XLIII

No. 42

16-OCTOBER-2000

LEBANON

Lebanon Issues $230Mn Four-year Eurobond As CBL Supports Pound

Lebanons government issued a eurobond on 10 October with a tranche worth250mn ($230mn). The four-year issue, which was lead-managed by Germanys Commerzbank, involved a further sale of the euro-denominated bonds that were originally issued in 1999 and set to mature in 2004. The new bonds have a coupon of 8.25% and were priced to yield 320bps points over German government bonds. A senior official...