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Lebanon's cash-strapped authorities

Lebanon's cash-strapped authorities latest

Lebanon To Decide On $1.2 Billion Eurobond As Due Date Nears
February 5th, 2020 - 06:44 GMT

Lebanon To Decide On $1.2 Billion Eurobond As Due Date Nears

Lebanon's cash-strapped authorities are struggling to decide what to do about a $1.2 billion Eurobond maturing in March but are leaning towards repayment for foreign holders and a swap for local investors, political and banking sources said on Tuesday. Lebanon, which has never defaulted on its hefty debt, is in the throes of a financial and economic crisis that has shattered confidence in banks and ignited protests against a political ...
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