Friday, May 18, 2007

Lebanon Plans to Sell First Bonds in Dollars Since Israeli Invasion

(Bloomberg) -- Lebanon plans to sell government
bonds denominated in dollars, its first issue of foreign-
currency debt since the Israeli invasion in July last year.

The sale, which will take place next week, will be managed
by Citigroup Inc. and Beirut-based BLOM Bank SAL, Lebanon's
largest lender, Citigroup said in an e-mailed statement today.
U.S. qualified buyers will be able to buy the bonds under rules
governing private placements, according to the statement.


Read more at Bloomberg Bonds News

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