Byblos Bank Issues $50Mn Euronote
Lebanon's Byblos Bank has issued a $50mn Euronote managed by Lebanon Invest and Swiss SBC Warburg. The Euronote, which has a three-year maturity, will be listed on the Luxembourg Stock Exchange and will be priced at 2.75% per year over comparable US Treasury notes. Interest will be paid twice yearly and is not subject to taxation. The Euronote will be officially launched on 9 September after road shows in...