Economic Research | Lebanon This Week | Lebanon This Week 562 | More than 70% of Lebanese pound-denominated Treasury securities have five-year maturities or longer | Lebanon | Byblos Bank

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Lebanon This Week 562

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More than 70% of Lebanese pound-denominated Treasury securities have five-year maturities or longer

Figures released by the Association of Banks in Lebanon (ABL) show that the face value of outstanding Treasury securities denominated in Lebanese pounds reached LBP72,052bn, or the equivalent of $47.8bn, at the end of October 2018, compared to LBP73,221bn, or $48.6bn, at the end of October 2017. The weighted interest rate on Lebanese Treasury securities denominated in Lebanese pounds was 6.13% in October 2018 compared to 6.36% in October 2017.

The distribution of outstanding Treasury securities denominated in Lebanese pounds at end-October 2018 shows that 47% of outstanding Treasury securities have seven-year maturities or longer and 71.3% have five-year maturities or more. In parallel, the face value of outstanding Treasury securities denominated in Lebanese pounds that matured in October 2018 was LBP946bn ($627.5m). 

According to the ABL, LBP1,386bn or the equivalent to $919.4m of outstanding Treasury bonds in Lebanese pounds will mature in the remainder of 2018, while LBP11,708bn ($7.8bn) will mature in 2019 and LBP10,649bn ($7.1bn) will come due in 2020.
 
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Byblos Bank S.A.L., Byblos Bank Headquarters, Elias Sarkis Ave., Ashrafieh, Beirut

List of Banks No.39, CRB:14150, BDL Authorization No. 11/231 Dated 14 May 2005

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