January 15, 2020 / 5:51 PM / a month ago

Lebanon will not do Eurobond swaps before government decision -c.bank governor

BEIRUT, Jan 15 (Reuters) - Lebanon’s central bank will not move forward with a proposed swap of Eurobonds maturing in 2020 before the government takes a decision on it, central bank governor Riad Salameh told Reuters on Wednesday.

The central bank has proposed that Lebanese holders of Eurobonds due in 2020 including a $1.2 billion bond set to mature in March swap their holdings for longer-dated notes. (Reporting by Laila Bassam; Writing by Eric Knecht; Editing by Alison Williams)

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