Following a lengthy structuring period, such that the deal would work under Lebanon’s relatively new law No. 430 (see ASR 9/30/02), the Lebanese government is set to move ahead with a $600 million securitization of its state-owned tobacco monopoly Regie Libanais des Tabacs et des Tombacs.

The new law allows the Central Bank to hold an account for the management, servicing and reduction of public debt.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.