LONDON, March 20 (IFR) - The Lebanese Republic has set the
final yields on a three tranche US dollar bond issue, according
to a lead.
The issuer has set final yield for a March 2027 benchmark
bond at 6.85%. The 10-year notes were initially marketed at
The final yield for a March 2032 bond is 7%, after initial
price thoughts at 7.125% area.
Lebanon has set final yield for a March 2037 bond at 7.25%.
The 20-year notes were marketed originally at 7.35% area.
The total order book is over US$15bn, with a skew towards
Pricing is today via bookrunners Barclays, Byblos Invest
Bank, JP Morgan and Societe Generale de Banque au Liban.
Lebanon is rated B2/B-/B-.
(Reporting by Robert Hogg, Editing by Helene Durand)