Lebanon banking assn urges resolution to Eurobonds maturity issue

A retired Lebanese soldier holds a national flag, during a protest in front the central bank headquarters, in Beirut on May 13, 2019. (AP)

Lebanon’s banking association urged Lebanese President Michel Aoun on Thursday to find a quick resolution of uncertainties over the country’s fast-approaching Eurobond maturities, saying falling bond prices were creating losses and piling pressure on banks.

In a statement, the association asked Aoun to approach the Eurobond issue in a “technical way far from politics.” Lebanon has a $1.2 billion Eurobond due on March 9.

Last Update: Wednesday, 20 May 2020 KSA 10:05 - GMT 07:05