Lebanon sets final yield for triple-tranche US dollar deal
20 Mar 2017 - 16:35
By Robert Hogg | Reuters
LONDON: 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 6.95% area.
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 the 10-year.
Pricing is today via bookrunners Barclays, Byblos Invest Bank, JP Morgan and Societe Generale de Banque au Liban.