Lebanon raised $875 million last week to refinance maturing debt through a five-year Eurobond. The country, which has public debt of some $42.06 billion, has Eurobonds worth $1.5 billion maturing later this year.

"Regarding the remaining Eurobond maturities, the governor expected more success because the reduction in interest rates abroad will help increase demand for Eurobonds in Lebanon," a statement issued by the central bank said.

The Eurobond issued last week carried a coupon of 9.125 percent. -Reuters