Lebanon to Sell $1.2 Billion of Bonds to Refinance Maturing Debt
The country will sell five-year bonds paying an annual coupon of about 4.75 percent and debt maturing in 2022 that pays 6.2 percent, Blom said in an e-mailed statement.
The Arab nation has a $750 million bond maturing Aug. 2, according to data compiled by Bloomberg. It also needs to pay about $200 million in interest next month, according to the Association of Banks in Lebanon.
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