VOL. XLI

No. 41

12-October-1998

LEBANON

Lebanon Raises New $100Mn Eurobond

The Lebanese Governments $350mn seven-year Eurobond issuelaunched on 10 September has now been increased to $450mn with the issue of a new $100mnEurobond on 6 October. The new issue, lead managed by Merrill Lynch, was priced at 436bpsover US Treasuries, slightly more than the 390bps offered on the September issue, andcarries a coupon of 8.73%. Seventy five percent of the issue was underwritten by fourLebanese banks ...