A final decision on Lebanon’s Eurobonds will be taken on Friday or Saturday, Prime Minister Hassan Diab was quoted as saying by the head of the Lebanese media council after a meeting on Monday.
Lebanon has said it will announce a decision this week regarding its Eurobonds, which include a $1.2 billion issue maturing on March 9 and others that mature in April and June.
The country is widely expected to restructure the sovereign bonds after a long-brewing economic crisis, which came to a head last year as capital inflows slowed and protests erupted against Lebanon’s ruling elite over corruption and bad governance.
Read more:
Lebanon eurobond crisis: Default, haircut, restructuring, refinancing explained
Lebanon’s President Aoun vows accountability over financial crisis: Twitter
Lebanon probing local banks’ sale of Eurobonds: Judicial source
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