20 Apr 2010
(MENAFN) Lebanese Finance Minister Raya Haffar el-Hassan said that Beirut may sell new Eurobonds this year and roll over existing debt to help finance a proposed increase in fiscal spending, Bloomberg reported.
She pointed out that the potential Eurobond sale would be on top of any rollover of $700 million of Eurobonds that mature in November. Lebanon has already sold $1.2 billion of 10-year Eurobonds this year with an interest rate of 6.375 percent, to refinance debt that matured in March.
However, the minister did not give details of how big an additional bond sale would be or when.
The draft 2010 budget sent to the cabinet earlier this month included a 15.5 percent increase in spending and a deficit forecast at $4 billion, or 10.7 percent of gross domestic product (GDP), compared with 8.6 percent last year.
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more