Middle East Economic Survey

VOL. LIII

No 9

01-March-2010

LEBANON

Lebanese Government Issues Mandate For New Eurobonds

The Lebanese Ministry of Finance has issued a mandate to three Lebanese banks, BLOM Bank, Fransabank dAffaires and BNP Paribas, to raise $1bn in new Eurobonds to refinance an existing issue which matures this March. The new issue is expected to be well received, according to banking circles in Beirut, given the high liquidity in the domestic banking system, the...