NO. 42


Financial and Banking News

Capital Markets

Lebanese Eurobond Issue Oversubscribed

The recent $300mn Lebanese eurobond issue has been oversubscribed by about$70mn, although demand was not as strong as for the first issue last September,which was extended from $300mn to $400mn. Dealers at Paribas, the lead managerin London, said that some of the banks who formed the syndicate marketing theissue had had some difficulty in placing their tranches with clients because of...