January 11, 2019 / 4:19 PM / 5 months ago

Lebanon has "no intention of touching value" of bonds-finmin

BEIRUT, Jan 11 (Reuters) - Lebanon’s finance minister said on Friday there was “absolutely no intention of touching the value of Lebanese bonds”, following a Bloomberg report that quoted him saying a fiscal reform plan being prepared included a debt rescheduling.

Asked whether a haircut was under consideration, Ali Hassan Khalil told Reuters: “There is absolutely no intention of touching the value of Lebanese bonds or taking a percentage of them.

“The proposals are an operation to organise and manage the debt and to move ahead with reform measures that reduce the burden of it.”

Reporting by Laila Bassam; Writing by Tom Perry; editing by John Stonestreet

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