Lebanon bond prices tumble as hope of repayment dwindles
The International Monetary Fund (IMF) has sent a team to Lebanon to provide technical advice to the country. Analysts have said this could be the first step towards the country seeking a financing package. But expectation that it will default on its March 2020 Eurobond is growing.
There are widespread concerns that Lebanon might default on paying back Eurobonds for the first time. The country has a $1.2bn payment due on March 9, a $700m Eurobond due to mature in April, and another $600m repayment due in June.“The March Eurobond has fallen in the ...
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