Lebanon launches $1 billion of notes in eight-, 15-year tranches

By Christine Van Dusen

Atlanta, April 19 – Lebanon launched a $1 billion offering of notes on Tuesday in tranches due April 22, 2024 and 2031 (B2/B-/B), a market source said.

The $700 million notes due 2024 launched at a yield of 6.65%, following talk in the 6.65% area.

The $300 million 15-year notes launched at 7%, following talk in the 7.05% area.

Blom Bank, Byblos Bank and Deutsche Bank were the bookrunners for the Regulation S deal.

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