Lebanon Places $715Mn Dual Currency Eurobond
Lebanon launched a dual currency eurobond on 22 September,comprising a US dollar tranche of $400mn and a 300mn euro ($315mn) issue. TheUS dollar bond will have a 10-year maturity and a yield of 440bps over UStreasuries, near the 425-450bps anticipated by underwriters Credit Suisse FirstBoston and Morgan Stanley Dean Witter. The euro tranche has a 7-year tenor andhas a yield of 400bps over German bunds. The...