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Lebanon on 21 March raised a record $3bn through a Eurobond issue which was six times oversubscribed with offers of $17.8bn.
As such Lebanon has raised the full $3bn of Eurobond debt authorized by parliament for 2017. Some $600mn was raised from foreign banks and financial institutions, with overall foreign demand at near-$4bn, the finance ministry says.
Barclays, Societe Generale, JP Morgan Chase and local bank Byblos were lead arrangers on the bond which was originally slated to raise $1.5-2bn to refinance an earlier Eurobond of $1.5bn which matured 20 March. The remaining $1.5bn proceeds from the new issue will provide fresh state funds. (CONTINUED - 777 WORDS)
DATA INSIDE THIS ARTICLE
|table||Lebanon 2015-17 Bond Issues|
|chart||Lebanon 2015-17 Bond Issues|