Middle East Economic Survey

VOL. LIII

No 11

15-March-2010

LEBANON

Lebanons $1.2Bn Eurobond Issue Closed Successfully, Says Finance Minister

Lebanon s launch of a $1.2bn Eurobond issue with a 10-year maturity and a yield of 6.375%, closed successfully, the countrys Finance Minister, Raya al-Hasan, announced on 9 March. The issue, which matures on 9 March 2020, is reported to have been three times oversubscribed, indicating strong demand for the countrys sovereign issues from domestic and foreign...