16 Feb 2010
(MENAFN) Lebanese Finance Minister Raya Haffar el-Hassan stated that the government will sell $2 billion of Eurobonds or carry out a debt swap in one of the world’s most heavily indebted countries, Bloomberg reported.
The Middle Eastern country has a total of $2.15 billion in Eurobonds maturing in March and November of 2010 and about $8.3 billion in maturing treasury bills throughout the year.
Prime Minister Saad Hariri’s government, which was formed in November, has to finance public debt that reached $51 billion, or about 156 percent of gross domestic product, at the end of 2009.
The previous government had aimed to reduce debt by raising about $7 billion from the sale of two mobile-phone licenses. Those plans were put on hold because of an 18-month political crisis that eased in May 2008, and then delayed further by the global credit crisis and parliamentary elections in June 2009.
In November, Lebanon sold $250 million of Eurobonds maturing in 2015 and $250 million of the 2024 notes. They are currently yielding 5.66 percent and 7.05 percent respectively, compared with 5.72 percent and 7.02 percent on Dec. 14.
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
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
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