January 31, 2019 / 5:02 PM / 16 days ago

Lebanon dollar bonds rally 3-4 cents after new government agreed

Jan 31 (Reuters) - Lebanon’s sovereign dollar bonds rallied on Thursday after news the country’s leaders had agreed to form a government after nine months of wrangling over cabinet portfolios in the heavily indebted state.

The bond maturing 2037 jumped 4.3 cents to the highest since early-August 2018, while the 2025 issue jumped more than three cents to the highest since July 2018, Tradeweb data showed .

Reporting by Sujata Rao; editing by Dhara Ranasinghe

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