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Lebanon Finance News

Dedicated to economic and business news on Lebanon, managed by the team of Lebanon Opportunities.

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Ministry of Finance

$3 billion bonds issued to repay maturing debts. Oversubscribed six times

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The Ministry of Finance (MoF) issued U.S. dollar denominated bonds worth $3 billion to repay foreign currency debt maturing throughout the year. The original objective was to raise $1.5 billion.

The bonds were divided into three tranches with….
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Primary surplus in public budget. Debt to GDP is declining

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The fiscal deficit has widened so far this year, but a primary surplus has been registered, according to Alain Bifani, Director General of the Ministry of Finance (MoF).

The fiscal deficit widened by 33 percent to reach $1.7 billion in the fi….
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Lebanon’s debt oversubscribed for 2015. Showing sign of continuous confide nce by investors

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The Ministry of Finance (MoF) announced today that it has succeeded in covering the full debt duties in foreign currencies for 2015 and part of another debt to be settled for 2016, through a Eurobond issue valued at $1.6 billion.

“The $1.3 b….
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A $750 million Eurobond swap. To cover maturing debt in 2016

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The Ministry of Finance (MoF) has recently begun a swap operation of $750 million Eurobonds to mature on January 19, 2016. This measure is to cover a debt due for payment at the beginning of next year.

“The swap process is underway, but it’s ….
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Primary surplus in public budget. Debt to GDP is declining, but more reforms are needed

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The banking sector has been a main support to finance the State’s needs and reduce the burden of high public debt, according to the Ministry of Finance (MoF).

Banks have foreign currency reserves worth $65 billion, representing 93 percent of….
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A $750 million Eurobond swap. To cover maturing debt in 2016

eurobond-swap-deal.gif

The Ministry of Finance (MoF) has recently begun a swap operation of $750 million Eurobonds to mature on January 19, 2016. This measure is to cover a debt due for payment at the beginning of next year.

“The swap process is underway, but it’s ….
Article details

$1.5 billion in Eurobonds to be issued next month. Issue of the balance of $3.5 billion due before the end of 2015

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The Ministry of Finance (MoF) is preparing to issue a Eurobond on September 1 to cover the country’s debt service for the full year of 2015.

Parliament has approved the issuance of bonds worth $2.5 billion, although the amount due for this y….
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Public debt to reach $75 billion in 2016. Public debt to reach $75 billion in 2016

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As fiscal deficit remains high, public debt is increasing at an annual average ranging between $4 billion to $5 billion, which will push it to $75 billion in 2016.

“Public debt is expected to reach this level with the continuous increase in s….
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