February 27, 2020 / 8:28 AM / a month ago

Lebanon to ask for 7-day grace period for March 9 bond-source

BEIRUT, Feb 27 (Reuters) - Lebanon intends to ask for a seven-day grace period for a $1.2 billion Eurobond that matures on March 9, as it is entitled to, in order to give financial advisers more time to draft a restructuring plan, a government source said on Thursday.

Lebanon would seek the seven-day grace period ahead of the March 9 date, the source said. (Reporting by Samia Nakhoul; Writing by Tom Perry; Editing by Jon Boyle)

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