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BEIRUT: The Central Bank is expected to receive around $1 billion in the form of either a deposits or subscription to Lebanese sovereign Eurobonds soon, sources revealed Thursday.

RUSSIA raised $2.5bn (PS2bn) selling dollar-denominated Eurobonds maturing in 2029 and 2035 yesterday, the finance ministry said.

In the 2014 one, an information memorandum that the government issued ahead of going to the international debt market to raise the $2.75 billion said the bond was to finance general budgetary spending and infrastructure projects such as expansion of airports, sea ports, roads, pipelines and geothermal plants.Mr Rotich, who had not responded to our queries on the specific projects being targeted with the latest debt, in 2015 issued a three-week ultimatum to all State departments to publish details of how they spent Eurobond proceeds wired to them in the fiscal year ended June 2015.

PKF allayed fears that the money raised from the Eurobond was misappropriated.

Another important factor that future Eurobond issuers should closely watch out for is the decision of the US Federal Reserve on interest rate movements.

This factor, paired with record large volumes of Eurobonds offered, caused a vast influx to Russian fixed income instruments.

SOCAR issues its first Eurobonds to attract investments from the international financial markets.

The size of the eurobond will be subject to investor demand and market conditions, the source added.