Lebanon launches $600 million bond issue
Lebanon launched a five-year $600 million bond issue carrying a 9.75 percent coupon, announced Finance Minister Fouad Siniora, on Friday, March 30. The funds would be used to cover payments of $500 million for bonds maturing at the end of April, and the remaining $100 million are to cover a Lebanese pound issue that has just matured.
The issue is to be co-managed by Paribas, ABN-Amro and Citicorp; subscriptions will close at the end of next week. — (Albawaba-MEBG)
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