$2 billion in Eurobonds for sale by the Central Bank. To be issued within one year

The Central Bank (BDL) plans to sell Eurobonds worth up to $2 billion over the next 12 months, according to Riad Salameh, its governor. Buyers would mainly be local banks.

The bonds, denominated in US dollars, would be sold in tranches ranging between $500 million and $1 billion.

Salameh said that Lebanese Eurobonds are undervalued and that they generate high yield on the secondary market. He said that the government does not intend to sell Eurobonds directly on the market but it i...

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