March 20, 2017 / 8:03 AM / 5 months ago

Lebanon starts marketing triple-tranche US dollar offering

LONDON, March 20 (IFR) - The Lebanese Republic has released initial price thoughts for a three tranche US dollar bond offering, according to a lead.

The issuer is marketing a March 2027 bond at 6.95% area, a March 2032 bond at 7.125% area and a March 2037 bond at 7.35% area. The sizes are yet to be determined.

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)

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