Lebanon sets initial talk for dollar notes due in eight, 15 years

By Christine Van Dusen

Atlanta, April 15 – Lebanon gave initial guidance for its two-tranche offering of dollar-denominated notes due April 22, 2024 and 2031 (B2/B-/B), a market source said.

The eight-year notes were talked at a yield of 6.6% to 6¾%.

The 15-year notes were talked at a yield of 6.95% to 7%.

Blom Bank, Byblos Bank and Deutsche Bank are the bookrunners for the Regulation S deal.

Pricing is expected to take place during the April 18 week.

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