Lebanon to pump small Eurobonds this year
14 Mar 2017
(MENAFN) The size of Lebanon’s whole net issuance of Eurobonds is projected to be small given the coming recovery of the USD1.5bn LEBAN 9 percent this year.
Accordingly, the country will also be looking to issue USD1.5- USD2bn worth of bonds in March; the total net issuance size will be small.
Moreover, regional and global investors will snap up the issuance that will be launched by the Lebanese government in the cited month.
In addition, the new issue will be oversubscribed because there is an appetite for more bonds with relatively high return, while the interest rates of these bonds have not been decided yet.