NO. 01


Regional Financing

Lebanon's First Eurobond Issue Oversubscribed

Because of massive over subscription, the Lebanese Government has at the lastminute decided to increase to $400mn from $300mn its first Eurobond issue whichwas completed on 28 September. The issue, originally set at $150mn, was doubledto $300mn with parliament's approval, because of the positive response. Thethree-year issue was lead managed by Merrill Lynch International and was pricedat 325 basis...