Lebanon to ask for seven-day grace period for March 9 Eurobond: Source

Lebanon intends to ask for seven-day grace period for Eurobond. (FilePhoto: Shutterstock)

Lebanon intends to ask for a seven-day grace period for a $1.2 billion Eurobond that matures on March 9, as it is entitled to, in order to give financial advisers more time to draft a restructuring plan, a government source said on Thursday.

Lebanon would seek the seven-day grace period ahead of the March 9 date, the source said.
 

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