Lebanon may rollover this year as much as $4.8 billion in debt maturing by the end of 2011 and could sell Eurobonds to take advantage of low global interest rates, said Finance Minister Raya Haffar el-Hassan.
“We are receiving visits from investment banks who are giving us all the options,” Hassan said in an interview at her office in Beirut today. “My team is studying all the offers that we are receiving which include swapping.”
Lebanon has about $893 million in terms of the principal amount of maturing Eurobonds due before the year end and $2.14 billion of principal debt due in 2011. When including interest payments the total redemption would be $1.5 billion for the remaining part of this year and $3.3 billion in 2011.
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