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FINANCIAL NEWS
Lebanon aims three tranches for USD1.5bn Eurobond
12 Mar 2017
(MENAFN) Lebanon’s finance ministry has required Barclays Plc, Byblos Bank, Societe Generale de Banque au Liban and JPMorgan to refinance USD1.5bn Eurobond.
Moreover, the three potential tranches would be 10 years, 15 years and 20 years, while the country will issue under the current program, the medium-term notes program.
Recently, Lebanon’s most current global debt issuance was an USD1bn bond in April last year, split between an April 2024 tranche and an April 2031 tranche.
Last May, the government conducted a debt swap whereby it issued USD2bn worth of Eurobonds in private transactions with the central bank.
MENAFN1203201700450000ID1095306578
MENAFN1203201700450000ID1095306578
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