Lebanon will probably restructure debt, foreigners will be paid-senior banker
- Date: 14-Jan-2020
- Source: Arab News
- Sector:Financial Services
- Country:Lebanon
Lebanon will probably restructure debt, foreigners will be paid-senior banker
article author: ReutersAuthor: Mon, 2020-01-13 22:01
BEIRUT: Lebanon's sovereign debt is probably going to be restructured in a way that hurts neither the economy nor depositors, and foreign holders will be repaid, the banking association head said on Monday.
Salim Sfeir also said he did not foresee problems with a proposal for Lebanese banks to swap their holdings in a maturing March Eurobond of $1.2 billion for longer dated notes, describing such swaps as "common practice.“Main category: Business & EconomyTags: LebanonCentral BankSalim SfeirRiad Salameh
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