New bond issue: Lebanon sells USD 350m tap to outstanding 2026 bonds with 6.6% coupon
Lebanon on March 30, 2012 placed USD 350m tap to its bonds with a 6.6% coupon, maturing in 2026. The tap issue was priced at 102.11% to yield 6.375%. Bank of America Merrill Lynch, Byblos Bank arranged the deal. Amount outstanding totals now USD 725m.
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Issuer, issue number: Lebanon, 2026
Type of debt instrument: Eurobonds
Issue status: outstanding
Type of placement: public
Par, currency of issue: USD, 1000
Amount: 725 000 000
ISIN: XS0707820659
Start of placement: Nov 24 2011
End of placement: Mar 30 2012
Issue price: 100
Yield at Pricing: 6.6%
Coupon: 6.60%
Coupon frequency: 2 time(s) per year
Settlement Date: Nov 28 2011
Maturity date: Nov 28 2026
Issue Managers: Deutsche Bank, Fransa Invest Bank, Standard Chartered Bank
Trading floor: Luxembourg S.E.
Issuer profile:
Lebanon is a country in Western Asia, on the eastern shore of the Mediterranean Sea.
Area – 10 452 sq.km (166th).
Population – 4,2 mln. (124th)
The capital is Beirut.
Official languages– Arabic, French.
Local currency – Lebanese pound (LBP).
Government – Parliamentary republic.
Outstanding issues:
26 issue(s) outstanding worth USD 20 001 081 000
2 issue(s) outstanding worth EUR 980 639 000
Issuer's rating:
Moody's Investors Service B1/Stable Int. Scale (foreign curr) 13.04.2010
Moody's Investors Service B1/Stable Int. Scale (loc. curr.) 13.04.2010
Standard & Poor's B/Stable Int. Scale (foreign curr.) 18.01.2011
Fitch Ratings B/Stable Int. Scale (foreign curr.) 31.03.2010
Fitch Ratings B/Stable Int.l Scale (local curr.) 31.03.2010