A policeman stands guard in front of the Finance Ministry in Beirut. (The Daily Star/Mohammad Azakir)
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The Finance Ministry has designated Barclays, Byblos Bank, Societe Generale de Banque au Liban and JPMorgan to co-manage the issuance of $1.5 billion in eurobonds to finance the public debt.A banker told The Daily Star that the Lebanese government will not have any difficulty in selling these eurobonds to investors.The Finance Ministry is authorized to issue another $3 billion eurobonds for 2017 .Another banker said that the Lebanese commercial banks are flush with cash and they are always looking for investments.In July 2016, Moody's rating agency warned that the increasing exposure to the growing public debt in Lebanon is a major source of credit risk for Lebanese banks.
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