Lebanon: bonds

outstanding bond issues

sector : corporate
1 issue outstanding worth USD 2 000 000 000
sector : sovereign
1 issue outstanding worth EUR 445 000 000
28 issues outstanding worth USD 1 521 733 543 000

General information on bond market

country Lebanon
Profile Lebanon has a long tradition of domestic free trade and investment policies, with free market pricing for most goods and services, an unrestricted exchange and trade system and extensive links with the developed world in practically all economic activities. The Government has maintained a generally non-interventionist stance toward private investment, and public ownership has generally been limited to infrastructure and utilities. There are no restrictions on the movement of capital and goods by residents and non-residents of the Republic, including on entry or exit of firms or on access to foreign exchange, which makes Lebanon a supportive system for private sector development.
GDP registered high growth rates for the period from 1993 to 1995, averaging an estimated real growth rate of 7.2 percent per annum. Real GDP grew at slower estimated rates of 4.0 percent in 1996 and 1997, 3.6 percent in 1998, (0.5) percent in 1999 and 1.3 percent in 2000. Real GDP growth was 4.0 percent in 2001, 3.4 percent in 2002, and 3.2 percent in 2003. In 2004, real GDP growth increased to 7.5 percent, while declining to 1.2 percent in 2005. In 2006, real GDP growth was 1.4 percent, increasing to 8.4 percent in 2007, 8.6 percent in 2008, 9.0 percent in 2009 and 7.0 percent in 2010.
As of December 31, 2011, the Republic’s gross public debt was LL 80,869 billion (U.S.$53.6 billion) consisting of LL 49,340 billion of gross domestic debt and LL 31,529 billion of public external debt. Net outstanding public debt of the Republic was LL 69,885 billion (U.S.$46.4 billion) as of December 31, 2011.

sovereign rating

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Organisation for Economic Co-operation and Development (OECD) *** Country Risk Classifications ***
Moody's Investors Service *** LT Int. Scale (foreign curr) ***
Moody's Investors Service *** LT Int. Scale (loc. curr.) ***
Standard & Poor's *** LT Int. Scale (foreign curr.) ***
Standard & Poor's *** LT Int. Scale (loc. curr.) ***
Fitch Ratings *** LT Int. Scale (foreign curr.) ***
Fitch Ratings *** LT Int.l Scale (local curr.) ***

latest bond issues

issue ISIN coupon volume end of placement maturity date
Lebanon, 2026 - International bonds XS0707820659 6.60% USD1 525 000 000 04/09/2014 11/28/2026
Lebanon, 2020-3 - International bonds XS1052421150 5.8% USD600 000 000 04/09/2014 04/14/2020
Lebanon, 2020-2 - International bonds XS0944226637 6,15% USD600 000 000 06/20/2013 06/19/2020
Lebanon, 2027 - International bonds XS0859366899 6.750% USD631 212 000 04/10/2013 11/29/2027
Lebanon, 2023 - International bonds XS0859367194 6.0% USD984 862 000 04/10/2013 01/27/2023
Lebanon, 2015-3 - International bonds XS0793155754 4.10% USD500 000 000 06/11/2012 06/12/2015
Lebanon, 2018 - International bonds XS0793155838 5.150% USD700 000 000 06/11/2012 06/12/2018
Lebanon, 2025 - International bonds XS0793155911 6.250% USD800 000 000 06/11/2012 06/12/2025
Lebanon, 2017-5 - International bonds XS0769530238 5.0% USD600 000 000 03/30/2012 10/12/2017
Lebanon, 2018, EUR - International bonds XS0707821467 5.350% EUR445 000 000 11/24/2011 11/28/2018

indices



World Bond market statistics

Quarterly indices

Type: II 2014 I 2014 IV 2013 III 2013 II 2013 I 2013
BIS volume of internetional-bond market of emerging countries
Lebanese international bonds, USD bln
37.098 36.612 36.612 36.586 36.374 33.849  
BIS net issues of internetional-bond market of emerging countries
International-bond net issue of Lebanon, USD bln
0.498 0.000 0.000 0.175 2.500 -0.875  


JP Morgan

Daily indices

Type: 10/30/2013 10/29/2013 10/28/2013 10/25/2013 10/24/2013 10/23/2013 10/22/2013
EMBI Global (publication was suspended since 30.10.2013) 
Show other indices

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bonds prices
issue volume maturity date bid prices ask prices
date bid price yield date ask price yield
Lebanon, 2015-1 USD  08/06/2015 12/17/2014 ***.** *.* 12/17/2014 ***.** *.**
Lebanon, 2015-2 USD  01/15/2015 12/17/2014 ***.** *.** 12/17/2014 ***.** -**.**
Lebanon, 2016-1 USD  05/11/2016 12/17/2014 ***.** *.** 12/17/2014 ***.** *.**
Lebanon, 2016-2 USD  01/19/2016 12/17/2014 ***.** *.** 12/17/2014 ***.** *.**
Lebanon, 2016-3 USD  11/02/2016 12/17/2014 ***.* *.** 12/17/2014 ***.** *.**
Lebanon, 2017-2 USD  12/31/2017 12/17/2014 ***.*** *.** 12/17/2014 ***.*** *.**
Lebanon, 2017-4 USD  03/20/2017 12/17/2014 ***.** *.** 12/17/2014 ***.** *.*
Lebanon, 2017-5 USD  10/12/2017 12/17/2014 ***.*** *.** 12/17/2014 ***.*** *.**
Lebanon, 2018, EUR EUR  11/28/2018 12/17/2014 *** *.** 12/17/2014 *** *.*
Lebanon, 2018-3 USD  11/12/2018 12/17/2014 ***.** *.** 12/17/2014 ***.*** *.**
Lebanon, 2019 USD  05/20/2019 12/17/2014 *** *.* 12/17/2014 *** *.**
Lebanon, 2019-2 USD  11/28/2019 12/17/2014 *** *.** 12/17/2014 *** *.**
Lebanon, 2020 USD  03/09/2020 12/17/2014 ***.* *.** 12/17/2014 ***.** *.**
Lebanon, 2020-3 USD  04/14/2020 12/17/2014 ***.* *.** 12/17/2014 ***.* *.*
Lebanon, 2021 USD  04/12/2021 12/17/2014 ***.** *.** 12/17/2014 ***.** *.**
Lebanon, 2022 USD  10/04/2022 12/17/2014 *** *.** 12/17/2014 ***.*** *.*
Lebanon, 2024 USD  12/03/2024 12/17/2014 ***.** *.** 12/17/2014 ***.* *.**
Lebanon, 2026 USD  11/28/2026 12/17/2014 ***.*** *.** 12/17/2014 ***.*** *.**
* The information is available only to "Cbonds-Premium", "Cbonds-PRO EM", "Cbonds-PRO EM Personal" subscribers. To subscribe go to the Subscription section under main menu on the left.