Tuesday, May 22, 2007

Lebanon to Proceed With Dollar-Bond Sale as Troops, Gunmen Fight in North

(Bloomberg) -- Lebanon is pressing ahead with its
first sale of government bonds in dollars since Israel invaded
last July as Lebanese troops fought Islamic gunmen for a third
day.

``We are mandated for a potential dollar financing for
Lebanon, and subject to market conditions, it will be executed as
early as this week,'' Jeffrey French, a spokesman in London for
sale manager Citigroup Inc., said in an e-mailed note.


Read more at Bloomberg Emerging Markets News

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