A view of the Goldman Sachs stall on the floor of the New York Stock Exchange July 16, 2013. REUTERS/Brendan McDermid
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Global investment bank Goldman Sachs has said Lebanon's sovereign Eurobonds are worth much more than their current prices.Goldman Sachs indicated that the country's Eurobonds that have a maturity of three to seven years are undervalued.The report said that Lebanon's Eurobonds, along with those of Tunisia (41 bps), are the only "undervalued" bonds among 21 B-rated sovereigns included in Goldman Sachs' universe.Goldman Sachs also considered as undervalued the Eurobonds of two sovereigns in other rating categories.Furthermore, Goldman Sachs classified Lebanon's Eurobonds that have a maturity of seven to 12 years as undervalued.
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