By currency composition, 52% of gross public debt is in domestic currency, with the remaining in foreign currency as follows: 40.8% in USD, 5.0% in Euros, and 2.1% in other foreign currencies by end-June 2008.
Starting June 12th, high demand on Treasury bills and notes has been noted with primary market rates on a gradually decreasing trend and high demand from commercial banks who subscribed to 81% of Treasury bills and notes in QII 2008.
On the foreign currency debt front in QII 2008, the Lebanese Republic issued a $881.612m 9% coupon Eurobond due 2014 at a yield of 9.000% in May 2008.
The issue was a result of the successful completion of a voluntary debt exchange offer for and the issuance of new notes worth $150m.
Foreign currency loans at LBP4,962bn, 41% of which are in Euros and 30% of which are in USD, are mainly allocated to budgetary support (47%), and project financing (53%) with the main recipient sectors being the water sector (17%), transportation sector (10%), and power sector (9%).
The Debt and Debt Markets Report was first published for QII 2007 and is being published every quarter.
It covers recent developments relating to public debt, the government's debt structure, domestic and foreign debt primary markets, secondary markets trading, a list of Eurobonds outstanding, a full range of risk indicators, configuration of creditors, and other pertinent data.
Browse
related articles
Ministry of Finance publishes the debt and debt markets report QII 2008
- Lebanon: Tuesday, August 26 - 2008 at 15:47
- PRESS RELEASE
Related content
By the end of June 2008, gross public debt reached LBP67,060bn ($44.5bn), a 5.83% increase over the end-December 2007 level, with net public debt at LBP60,909bn ($40.4bn), registering an increase of LBP2,072 bn over the end-December 2007 level.
Article Options
Log in to request more information from Lebanese Ministry of Finance
Posted by Eman HassanTuesday, August 26 - 2008 at 15:47 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / 4C.
Notes and Media Contacts »
For further questions or comments, please contact the Ministry of Finance at:
Office of the Minister
Ministry of Finance
Beirut, Lebanon
Tel: +961-1-981057/8
Fax: +961-1-981059
Office of the Minister
Ministry of Finance
Beirut, Lebanon
Tel: +961-1-981057/8
Fax: +961-1-981059
Disclaimer »
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / 4C. AME Info FZ LLC / 4C is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
