The Lebanese government managed to secure the lowest loan rate in its history with the issuance of two tranches of Eurobonds: one for five year $250 million with a coupon of 5.875 percent and a second 15 year $250 million with a coupon of 7 percent, Saad Andary, the vice governor of the central bank .
The co-managers of the new issue were Bank of Beirut, Societe General and Citibank.
“Even most of the lead managers of the new issue were Lebanese. This shows that the Lebanese banks have the know-how and the power to underwrite these issues,” Andary said.
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