Byblos Bank headquarters is seen in Beirut. (The Daily Star/Mahmoud Kheir)
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Despite a slight improvement recently, the spread on Lebanese Eurobonds remains the ninth highest in the Eastern Europe, Middle East and Africa region, according to investment bank Merril Lynch.Merrill Lynch said the spread on Lebanese Eurobonds reached 399 basis points at the end of February, the 20th-highest among emerging markets, Byblos Bank's Lebanon This Week reported.Lebanon's public debt now stands at $63.5 billion, or 141 percent of the country's GDP.Merrill Lynch said Lebanon's external debt performance was relatively good compared with some emerging markets.Lebanon's external debt posted returns of 2.21 percent in the first two months of 2014, Byblos Bank said, constituting the 19th highest return of the 35 markets in the EMEA region, as well as the 34th highest among the 63 emerging markets included in Merrill Lynch's Sovereign Plus Debt Index.
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