VOL. XLI

No. 11

16-March-1998

LEBANON

Lebanon To Launch $500Mn Eurobond

Banque Paribas has won the mandate to lead-manage the first tranche of Lebanon's $2bnborrowing program. The $500mn, 3-year Eurobond issue is expected to be launched in April.No details on the pricing of the issue had been released by MEES press time,although some bankers in Lebanon expect it to be about 250bps over US Treasuries. LastJanuary the Lebanese parliament approved the government's plan to borrow $2bn on theforeign...