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DEBT

Aoun-Salam momentum wakes Lebanon's creditors from their slumber

The price of eurobonds reached 17 cents per dollar on Wednesday, a first since August 2021, driven by a surge of potentially excessive optimism

Aoun-Salam momentum wakes Lebanon's creditors from their slumber

View of the Achrafieh, in Beirut. (Credit: Philippe Hage Boutros/L'OLJ)

Joseph Aoun's election as Lebanon's president last Thursday, ending more than two years of political deadlock, was met with optimism from local and international investors holding Lebanese debt.This sense of hope was further fueled by the subsequent...
Joseph Aoun's election as Lebanon's president last Thursday, ending more than two years of political deadlock, was met with optimism from local and international investors holding Lebanese debt.This sense of hope was further fueled by the subsequent...