VOL. XLV

No 27

8-July-2002

LEBANON

Lebanon Converts More Domestic Debt In New $500MnEurobond

In a further attempt to reduce Lebanons debt burden, the LebaneseGovernment has issued a $500mn four-year Eurobond which will replace existingdebt denominated in local currency. A statement issued jointly by the LebaneseMinistry of Finance and the Central Bank of Lebanon confirmed that the CentralBank was the sole subscriber to the $500mn Eurobond issued on 27 June, as itwas to the $1bn three-year issue...