Africa News Lebanon dollar debt rises after Qatar says it bought...

Lebanon dollar debt rises after Qatar says it bought bonds

-

- Advertisment -

LONDON, July 1 (Reuters) – Dollar-denominated bonds issued by Lebanon’s government rose on Monday after a Qatari official said on Sunday the Gulf state had bought some of the country’s bonds.

The 2037 issue jumped more than 3 cents to trade at 79.24 cents – its highest since early May, according to Refinitiv data.

The bond buying had been part of a $500 million investment in the Lebanese economy, a Qatari government official said on Sunday. Lebanese Finance Minister Ali Hassan Khalil said the move showed Qatar’s commitment to Lebanon’s financial stability.

“The purchase by Qatar is not very large, but supportive nonetheless,” said Giyas Gokkent at J.P.Morgan. (Reporting By Tom Arnold, editing by Karin Strohecker)

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest news

Le « Lonely Planet » place Dubaï dans le top des destinations à faire

Par J.C. | Publié le 23/10/2019 à 19:04 | Mis à jour le 23/10/2019 à 19:07Le « Lonely Planet »...

Russia’s VEB signs deal to build two billion euro refinery in Morocco: report

Wednesday, October 23, 2019 3:27 p.m. CDT RABAT (Reuters) - Russian state development bank VEB signed a deal...

Sotchi : Le Maroc prend part au Forum économique Russie-Afrique (Reportage)

Les travaux du Forum économique Russie-Afrique, tenu dans le cadre du Sommet Russie-Afrique, se sont ouverts ce mercredi à...

Etats-Unis : La Côte d’Ivoire à l’honneur à Atlanta

La culture ivoirienne mise en vitrine lors de l’Exposition ivoirienne d’Atlanta tenue en septembre dernier dans la capitale de...

Inauguration d’une salle de conférences au nom de feu Mongi Slim au siège des Nations Unies à Tunis

Inauguration d'une salle de conférences au nom de feu Mongi Slim au siège des Nations Unies à Tunis23/10/2019...

Kiir hails Egypt’s efforts to back South Sudan’s stability

CAIRO – 23 October 2019: South Sudan’s President Salva Kiir on Wednesday praised Egypt’s efforts to back stability in...

Must read

- Advertisement -

You might also likeRELATED
Recommended to you