Lebanon Launches $350Mn Eurobond
Lebanon once again showed courage in the face of adversity by successfully launching a$350mn Eurobond in London on 10 September. The bond, lead-managed by US investment bankMerrill Lynch, carries a coupon of 8.75% and a maturity of seven years. The bond waspriced at 390bps over corresponding US Treasuries. Initially, Lebanon went to the marketfor an issue of $250mn, but due to strong demand, it was raised to $350mn. The...