Market Update: Citigroup (NYSE:C), Bank of America (NYSE:BAC), BlackRock (NYSE:BLK), Apple (NASDAQ:AAPL)

Lebanon plans to hire Blom Bank SAL and Citigroup (NYSE:C) to advise on refinancing about $950 million in Eurobonds and interest payments due next month. Lebanon’s finance ministry and the banks will sign the agreement either today or tomorrow ahead of meetings with investors next week, the people said, declining to be identified as details of the transaction haven’t been made public. The Arab nation has a $750 million bond maturing Aug. 2. The government also needs to pay about $200 million in interest next month, according to the Association of Banks in Lebanon. The finance ministry declined to comment on the matter and Finance Minister Mohammad Safadi hasn’t returned several calls seeking comment. Blom spokesman Alexandre Mouradian declined . . . → Read More: Market Update: Citigroup (NYSE:C), Bank of America (NYSE:BAC), BlackRock (NYSE:BLK), Apple (NASDAQ:AAPL)