Lebanon pays $1.5bn bond payment but the wolves are at the door
The yield on the March 2020 bond rose as high as 105% last week from a mere 13% on October 17, when antigovernment protests began
28 November 2019 - 16:11
Beirut — Lebanon repaid a $1.5bn eurobond on Thursday, an official with knowledge of the matter said, buying the country time as speculation swirls over its ability to avoid a default during a political and economic crisis.
The finance ministry issued payment instructions to the central bank, also known as Banque du Liban, the official said on condition of anonymity. The next bond payment is scheduled for March, when a $1.2bn Eurobond comes due...
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