Lebanon suspends national debt payment in dollarsChristian Fernsby ▼ | March 24, 2020
Lebanon on Monday announced it is suspending paying Eurobonds in U.S. dollars.
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Topics: Lebanon debt dollars
The ministry added that "good faith" talks will be held with creditors as soon as possible and directed financial advisors to carry out suitable arrangements.
On March 7, Lebanon announced the suspension of the payment of bonds worth $1.2 billion that were due that day.
Notably, bonds valued at $2.7 billion are coming due for Lebanon next month in addition to $700 million due later this year. ■