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.
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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