LONDON, Oct 29 (IFR) - The Republic of Lebanon has started marketing a triple-tranche US dollar-denominated bond, according to a lead manager. The shortest tranche is a 2024 note, which is being marketed at 6.20% to 6.35%. Lebanon's Central Bank is expected to buy US$500m of the debt.
Citigroup, Fransabank, Societe Generale de Banque au Liban and Standard Chartered Bank are running the deal. The transaction will be priced tomorrow.
Remarks: So the US economy gets little bailout courtesy of a well meaning financier. Stuff like this is why we don't get the financial crash others keep warning us about. From what I have read if the boys in Washington can't straighten it out, our crash would happen in early 2017 before or around March. Well that's what the analysists say and now we know people are working behind the scenes to help the economy.
