The Lebanese Republic Global Medium Term Note Program
U.S. $13,500,000,000 The Lebanese Republic Global Medium Term Note Program Under this U.S. $13,500,000,000 Global Medium Term Note Program (the "Program"), the Lebanese Republic (the "Republic") may, from time to time, subject to compliance with all relevant laws, regulations and directives, issue notes in either bearer or registered form (the "Notes"). The maximum aggregate principal amount of all Notes from time to time outstanding under the Program will not exceed U.S. $13,500,000,000 (or its equivalent in other currencies determined at the time of the agreement to issue), subject to any duly authorized increase. The Notes may be denominated in U.S. Dollars, euro and such other currencies as may be agreed between the Republic and the relevant Dealers (as defined below). The Notes will have maturities of not less than three months nor more than 30 years and will bear interest on a fixed or floating rate basis. Attention is drawn to the limitations and qualifications regarding the description of the economic situation in the Republic appearing on page 8 of this Offering Circular. This Offering Circular supersedes all prior Offering Circulars relating to the Program. Any Notes to be issued after the date hereof under the Program are issued subject to the provisions set out herein. This does not affect any Notes issued prior to the date hereof. The Notes may be issued on a continuing basis to the Dealers and any additional Dealer(s) appointed under the Program from time to time pursuant to the terms of a Program Agreement dated March 8, 1999 (as the same may be amended from time to time, the "Program Agreement"), which appointment may be for a specific issue or on an ongoing basis (each, a "Dealer" and, together, the "Dealers").
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