Lebanon preparing to issue $2bln Eurobond in October -finance minister | ZAWYA MENA Edition

Lebanon preparing to issue $2bln Eurobond in October -finance minister | ZAWYA MENA Edition:

Lebanon has begun preparing to issue a Eurobond of around $2 billion in October to meet state financing needs, Finance Minister Ali Hassan Khalil told Reuters on Monday.

"The Finance Ministry has started the preparatory steps for the issuance of Eurobonds of around $2 billion in the coming month," Khalil said. "The interest rates are linked to the market."

Lebanon, one of the world's most heavily indebted states, has a $1.5 billion Eurobond to repay in November.