Richard Melson

April 2006

Lebanon Brief

BLOM Bank s.a.l.


Please find attached the latest edition of our

weekly business/markets report on Lebanon –

"The Lebanon Brief" - for the week ended April 29, 2006.

The file is in PDF format and should be opened using Adobe Acrobat Reader,

which can be downloaded from

Best Regards,

Dolly Dagher and Najla Nakhle

Economic Research Department BLOMINVEST Bank S.A.L.

This transmission and any attachment hereto have been issued by BLOMINVEST Bank S.A.L. for the information of the addressee only. Any attachment to this transmission must be read in conjunction with any disclaimer which forms part of it. This transmission should not be construed as a solicitation to take part in any investment, or as constituting any representation or warranty on the part of BLOMINVEST Bank S.A.L.

Any information herein has been compiled from or based upon sources we believe to be reliable, but BLOMINVEST Bank S.A.L. does not guarantee or accept responsibility for its completeness or accuracy.

BLOM BANK and Byblos Bank were appointed to lead manage new 5 or 7 year EURO TBs denominated in LBP of a size amounting to minimum LP300bn ($200m) under the Ministry of Finance’s objective to enhance public debt management. The new 5-year or 7-year papers are expected to yield 9.25-9.50% or 9.60-9.80% respectively.

The transaction is to be launched by end- February or starting March 2006. BLOM BANK was the first Lebanese bank selected in November 2004 to lead manage sovereign issue and was re-appointed again in June 2005 for managing another eurobond issue.

The Lebanon Brief

Attachment: Brief-Apr.24-29.pdf (0.07 MB)

Research Dept

Saturday, April 29, 2006