According to the ABL’s monthly Treasury Bills publication, the face value of the outstanding LBP treasury securities’ portfolio fell by 4.07% in December 2025 to LBP 47,847 billion, down from LBP 49,877 billion a month earlier, with the balance of outstanding treasury securities that matured since the beginning of the year 2025 and up until December reaching LBP 19,319 billion. In this respect, the outstanding face value of LBP treasury securities dropped by 28.76% year-on-year when compared to the LBP 67,165 billion outstanding level at end of December 2024. The continuous drop in the outstanding balance of the face value of the treasury securities portfolio may be explained by the Ministry of Finance’s decision to suspend the issuance of new securities since December 2023. It is worth highlighting that 58.32% of the outstanding treasury securities’ portfolio had a tenor of 120 months as at end of December 2025, followed by the 84 month (21.96%), 60 month (9.86%) and 36 month (6.90%) tenor securities.

The maturities spectrum of the Lebanese treasury securities portfolio show some LBP 16,609 billion (34.7%) in face value treasury instruments that mature in 2026, LBP 7,197 billion (15.0%) in 2027, and LBP 8,182 billion (17.1%) in 2028. The chart below depicts the projected face values of LBP treasury instruments that will arrive to maturity between the year 2026 and 2033: