© 2026 Arizent. All rights reserved.

Lebanese tobacco deals ready to go

Published 1 Min Read

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.

According to market reports over 60% of the tobacco monopoly’s projected revenues will be securitized by commercial banks and proceeds garnered from the transaction will be placed into the special account held by the Central Bank.

For reprint and licensing requests for this article, click here.

More From Asset Securitization Report

Will Lebanese tobacco get thumbs up?

According to market reports last week, the Lebanese state-owned tobacco monopoly, Regie Libanais des Tabacs et des Tombacs, is set to proceed with its long-awaited securitization, structured under the country’s law No. 430. As it turns out, however, there are still a few kinks to be ironed out. Lebanon enacted its law No. 430 specifically […]

Lebanese ABS builds on real estate boom, but that’s just the beginning, local experts say

Lebanese securitizations are certain to explode onto the scene following the launch of the country’s first transaction earlier this year by the Banque Europeanne pour le Moyen-Orient Securitizations (BSEC). Sources said the ABS market is toying with a number of ideas that are expected to materialize as early as next month. “Looking at the market, […]