VOL. XL

No.24

16-June-1997

LEBANON

Lebanon's First 10-Year $100Mn Yankee Comes To Market, Guaranteed By World Bank

Lebanon will bring to market its first $100mn 10-year Yankee bond aUS-Dollar dominated bond issued in the US in the week beginning 16 June. The bond, whichwill help finance the restructuring and modernization of Electricité du Liban'stransmission and power supply systems, will be lead-managed by Merrill Lynch Internationaland will aim for a spread of 100 basis points (bps) over...