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Lebanon to float Eurobonds at USD2b
(MENAFN) Lebanon was declared to be mulling over floating Eurobonds at around USD2 billion with a debt maturity of over ten years.
Economic adviser to the Lebanese Ministry of Finance Talal F. Salman confirmed that the "timing will probably be the end of May or June."
According to the economic adviser, "we're waiting now for some good news coming out of budget that has austerity measures; we believe this will improve yields even further."
Salman further added during an interview: "after that we're planning to execute the deal."
Banks already received a bid for proposal from Lebanon, with leading buyers likely to come from banks based in the country.
Economic adviser to the Lebanese Ministry of Finance Talal F. Salman confirmed that the "timing will probably be the end of May or June."
According to the economic adviser, "we're waiting now for some good news coming out of budget that has austerity measures; we believe this will improve yields even further."
Salman further added during an interview: "after that we're planning to execute the deal."
Banks already received a bid for proposal from Lebanon, with leading buyers likely to come from banks based in the country.
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