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| 20 March, 2017

Lebanon starts marketing triple-tranche US dollar offering

The issuer is marketing a March 2027 bond at 6.95% area, a March 2032 bond at 7.125% area and a March 2037 bond at 7.35% area.

By Robert Hogg

LONDON, March 20 (IFR) - The Lebanese Republic has released initial price thoughts for a three tranche US dollar bond offering, according to a lead.

The issuer is marketing a March 2027 bond at 6.95% area, a March 2032 bond at 7.125% area and a March 2037 bond at 7.35% area. The sizes are yet to be determined.

Pricing is today via bookrunners Barclays, Byblos Invest Bank, JP Morgan and Societe Generale de Banque au Liban.

Lebanon is rated B2/B-/B-.

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(Reporting by Robert Hogg, Editing by Helene Durand) ((Robert.Hogg@thomsonreuters.com; +44 207 542 9077;))