BRIEF-Emergent Capital announces supplement no. 1 to exchange offer
* Emergent Capital announces supplement no. 1 to exchange offer Source text for Eikon: Further company coverage:
LONDON, March 20 (IFR) - The Lebanese Republic is set to raise US$3bn via a triple-tranche bond offering, according to a lead.
The issuer has launched a US$1.25bn March 2027 bond at 6.85%. The 10-year notes were initially marketed at 6.95% area.
Lebanon has also launched a US$1bn March 2032 bond at a yield of 7%, after initial price thoughts at 7.125% area, and a US$750m March 2037 bond at 7.25%. The 20-year notes were marketed originally at 7.35% area.
The total order book was over US$17bn when final yields were set.
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)
RIO DE JANEIRO/BRASILIA, May 26 Maria Silvia Bastos resigned on Friday as head of Brazil's development bank BNDES amid a political crisis that had increased pressure against her by credit-starved business leaders.