VOL. XLI

No. 14

6-April-1998

LEBANON

Lebanon Launches $1Bn Eurobond Issues

Lebanon last week completed the issue of two Eurobonds totalling $1bn, lead managed byFrance's Paribas. "The issue is the largest in the Mideast and the largest in theemerging markets since the Southeast Asian crisis," a source told MEES. Thetwo bonds of $500mn each and with three and five-year maturities are part of the LebaneseGovernment's plan to convert $2bn worth of high-interest debt in local currency into...