No. 51



Lebanon Raises $400Mn Through Four-Year Eurobond

Lebanon raised $400mn on 8 December with a four-year eurobond issue which carries a 9.5% interest rate and is priced at 410bps over equivalent US Treasuries. The issue was 65% subscribed to by Lebanese banks, 25% by regional banks and 10% by European institutions. The bond offer was fully taken up, a Beirut-based banking analyst told MEES. The pricing was more expensive than the early ones, but it was in...