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|18 April, 2019

Lebanon prepares $2.5bln-$3bln Eurobond issue for May 20: finance minister

There will be a new issue for which preparations have begun with local and international banks

Image used for illustrative purpose. A money exchange vendor displays Lebanese pound banknotes at his shop in Beirut February 7, 2012.

Image used for illustrative purpose. A money exchange vendor displays Lebanese pound banknotes at his shop in Beirut February 7, 2012.

REUTERS/Mohamed Azakir

BEIRUT The Lebanese government is preparing to issue Eurobonds in the range of $2.5 billion to $3 billion on May 20 to finance state needs, Finance Minister Ali Hassan Khalil told Reuters.

"There will be a new issue for which preparations have begun with local and international banks," he said. "It is a normal issue according to the plan and according to the public debt strategy set by us and the central bank."

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(Reporting by Laila Bassam and Tom Perry; Editing by Angus MacSwan) ((thomas.perry@thomsonreuters.com; Reuters Messaging: thomas.perry.reuters.com@reuters.net))

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