$1.5 billion Eurobond
repaid by Central Bank
First issue to mature
since the start of the crisis
The Central Bank (BDL) has redeemed on behalf of the government a $1.5 billion Eurobond.
The eight-year bond had a coupon rate of 5.45 percent.
The next issues will mature in March and April 2020.
Lebanon has to refinance more than $4 billion in Eurobonds and around LL15 trillion ($10 billion) in lira-denominated Treasury bills.
Meeting the issue has defied predictions of default in the press.
Date Posted: Nov 29, 2019