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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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Public Finance and Taxes

$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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BDL assets at $91 billion up by a yearly six percent. Assets from exchange operations of financial instruments was main growth driver

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The Central Bank’s (BDL) assets grew by 6.1 percent to $91.4 billion at the end of 2015 compared with the end of 2014.

The growth was mainly driven by assets from exchange operations of financial instruments, which totaled $11.6 billion at t….
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30 percent of corporate income goes on taxes. 20 different duties are paid yearly

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The aggregate corporate tax rate was 30 percent, which represents the total of all taxes borne as a percentage of commercial profit. The time to comply with all tax formalities was 183 hours. The total tax rate reflected all taxes and contributions….
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Lebanon tops Arab world in financial secrecy. It mixes secrecy with big tax exemptions

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The Tax Justice Network (TJN) said it has ranked Lebanon first in the Arab world and seventh globally in the 2015 Financial Secrecy Index (FSI).

“Lebanon has sailed against the prevailing winds on global financial transparency and continues t….
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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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Lebanon tops Arab world in financial secrecy. It mixes secrecy with big tax exemptions

Lebanon-tops-Arab-world-in-.jpg

The Tax Justice Network (TJN) said it has ranked Lebanon first in the Arab world and seventh globally in the 2015 Financial Secrecy Index (FSI).

“Lebanon has sailed against the prevailing winds on global financial transparency and continues t….
Article details

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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