A Finance Ministry source says there are no cash flow problems.
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Lebanon has launched a $1.6 billion sovereign eurobond, according to a statement issued by the Finance Ministry over the weekend.The statement said that the current eurobond issue witnessed oversubscriptions amounting to 113 percent while foreign banks and institutions subscribed to 10 percent and the rest of the demand came from local banks.The Finance Ministry said earlier that the issue will be co-managed by SGBL Lebanon, Fransabank, Citibank and Standard Chartered.Nassib Ghobril, head of the research department at Byblos Bank, said that Lebanese banks will continue to finance the government as long as deposits in the banking sector keep on increasing.
FOLLOW THIS ARTICLE