VOL. XL

No. 44

3-November-1997

LEBANON

Lebanon's $400 Eurobond Oversubscribed

The Lebanese Minister of State for Financial Affairs, Mr. Fuad Siniora, said last weekthat Lebanon's new 10-year $400mn Eurobond issue was oversubscribed, following the signingceremony with Credit Suisse First Boston and SBC Warburg Dillon Read, which lead managedthe issue. Mr. Siniora explained that the issue, which was priced at 250 basis points overUS treasuries and carried an 8.625% coupon, was put together under...