Lebanon will invite eight firms to bid to be its financial adviser as it studies all options on its sovereign debt, a source familiar with the matter said on Wednesday.
The invitation for bids does not “mean Lebanon decided on restructuring but it means Lebanon is studying all options and subsequent repercussions”. Grappling with a major financial crisis, Lebanon has a $1.2 billion Eurobond due on March 9.
The source identified the firms as Moelis & Company, Rothschild & Co, Guggenheim Partners, Citibank, Lazard, JP Morgan, PJT Partners and Houlihan Lokey.
Also Read
-
Lebanese customers feel currency squeeze as dollar crisis worsens
Reports -
Lebanese customers feel currency squeeze as dollar crisis worsens
“Right now it’s very difficult,” Ahmad Khattab, a customer at an exchange in Beirut’s Hamra district told Al Arabiya English. ... Economy -
Lebanese elites rise above crisis and protests – and take to the ski slopes
Lebanese elites are finding a useful escape from the tear gas and rubber bullets of downtown Beirut – on the ski slopes high above the capital. ... Features
