According to the ABL’s monthly Treasury Bills publication, the face value of the outstanding LBP treasury securities’ portfolio fell by 1.28% in February 2026 to LBP 45,954 billion, down from LBP 46,549 billion a month earlier. Furthermore, and on an annual basis, the outstanding face value of LBP treasury securities dropped by 28.05% (LBP 17,911 billion) when compared to the LBP 63,865 billion reading of February 2025. The continuous drop in the outstanding balance of the treasury securities portfolio may be explained by the Ministry of Finance’s decision in December 2023 to suspend the issuance of new securities. It is worth highlighting that 60.72% of the outstanding treasury securities’ portfolio had a tenor of 120 months as at end of February 2026, followed by the 84-month (21.89%), 60-month (8.85%) and 36-month (6.75%) tenor securities.

The maturities spectrum of the Lebanese treasury securities portfolio show some LBP 16,610 billion (34.7%) in face value treasury instruments that mature in 2026 (LBP 14,717 billion remaining till end of 2026 since LBP 1,893 billion matured in the first two months of the current year), LBP 7,197 billion (15.0%) in 2027, and LBP 8,181 billion (17.1%) in 2028. The chart below depicts the projected face values of LBP treasury instruments that will arrive to maturity between the years 2026 and 2033: