A sign displaying a photo of the new president Joseph Aoun at the entrance of Hadeth (Baabda), on the day of his election on Jan. 9, 2025. (Credit: Philippe Hage Boutros/L’Orient-Le Jour)
The average price of Lebanese eurobonds — dollar-denominated bonds issued by the state — rose to 18 cents on the dollar Monday, following the formation of Prime Minister Nawaf Salam’s government, finalized Saturday. The price had closed the previous week at 17.25 cents, according to market data cited by Bank Audi’s research department.This marks the highest level in five years for eurobonds, which have been traded exclusively between existing holders since Lebanon defaulted on its debt in March 2020. However, prices remain well below their face value. Bank Audi’s head of research, Marwan Barakat, noted that the average price has nearly tripled since September. Read more IMF chief signals 'intensive consultations' with allies to assist Lebanon “The eurobond market has mirrored the promising political developments of recent months,...
The average price of Lebanese eurobonds — dollar-denominated bonds issued by the state — rose to 18 cents on the dollar Monday, following the formation of Prime Minister Nawaf Salam’s government, finalized Saturday. The price had closed the previous week at 17.25 cents, according to market data cited by Bank Audi’s research department.This marks the highest level in five years for eurobonds, which have been traded exclusively between existing holders since Lebanon defaulted on its debt in March 2020. However, prices remain well below their face value. Bank Audi’s head of research, Marwan Barakat, noted that the average price has nearly tripled since September. Read more IMF chief signals 'intensive consultations' with allies to assist Lebanon “The eurobond market has mirrored the promising political developments of...
Fragile calm holds in south Lebanon, except for strikes in Nabatieh and Sour districts