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PRESIDENTIAL ELECTION

Election of Joseph Aoun enhances the relative rise in Eurobond prices

Two days before the election, the government decided to extend by three years, until March 9, 2028, the statute of limitations on these dollar debt securities, on which Lebanon defaulted in March 2020.

Election of Joseph Aoun enhances the relative rise in Eurobond prices

A billboard displaying the new Lebanese President Joseph Aoun in Baabda, on Jan. 9, 2025. (Credit: Philipe Hage Boutros)

The average price of Eurobonds, Lebanese dollar debt securities, recorded a significant rise in the wake of General Joseph Aoun's election as president on Thursday, gaining nearly two points in 24 hours and trading about 10 points above its...
The average price of Eurobonds, Lebanese dollar debt securities, recorded a significant rise in the wake of General Joseph Aoun's election as president on Thursday, gaining nearly two points in 24 hours and trading about 10 points above its...