FINANCIAL NEWS

Lebanon appoints four banks for USD1.5bn Eurobond issuance

03 Mar 2017

(MENAFN) The government of Lebanon has appointed four banks for a global bond issuance that will take place on March 20.

Moreover, the bond size will be a minimum of USD1.5bn and will be settled on the cited period, when an USD1.5bn outstanding bond is due for redemption.

In addition, the country’s most recent global debt issuance was USD1bn bond in April 2016, split between April 2024 tranche and April 2031 tranche.

In May 2016, the government increased the amount of its public debt by swapping regional currency debt into USD2bn worth of Eurobonds.

MENAFN0303201700450000ID1095283311

MENAFN0303201700450000ID1095283311

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