Issuer: Lebanon
Date: March 1998
Amount: $1 billion
Global coordinator: Paribas
Still smarting from its unfortunately-timed October 1997 Eurobond issue (a few days after the collapse of the Hong Kong stock market), Lebanon was keen to set things right in 1998 and win back the confidence of its investors. It was one of the worst years ever for emerging-market countries to issue—but this would not be a deterrent. The strength of the deal stood out in the turbulent market.
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