Formal debt restructuring talks between Lebanon and its bond holders are expected to begin in about two weeks, a source familiar with matter said on Sunday, after the heavily indebted state declared it could not meet its debt repayments. Lebanon announced on Saturday it could not meet its debt payments, ...
Lebanon’s Cabinet voted unanimously at a session Saturday afternoon not to pay the $1.2 billion Eurobond due March 9 and seek out restructuring agreements, local media reported. The country was due on March 9 to repay a $1.2-billion Eurobond, while another $700 million matures in April, and a further $600 ...
