Morgan Stanley Dean Witterand SchrodersSalomon Smith Barneyhave been awarded the mandate to reopen Lebanon's 2004 Eurobond. The banks are planning to market a fresh $200 million tranche on the December 2004 bond at the end of November. The yield on the issue, which will be priced at $98.50, is expected to be 10.7 per cent. The original $400 million bond, which was closed by JP Morgan Chase & Companyand Credit Suisse First Boston in December, carried a 9.5 per cent coupon and was priced at par. Bankers say that most of the new tranche is expected to be taken up by Banque du Liban (central bank), and the remainder will be purchased by local commercial banks.