Lebanon's banking association calls for paying March Eurobond on time

Bloom Industries

12/02/2020 09:44

BEIRUT, Feb 12 (Reuters) - Lebanon's banking association
said on Wednesday it was necessary to repay a $1.2 billion
Eurobond maturing in March on time to protect depositors and
preserve the country's place in international financial markets.
    The association said in a statement that debt restructuring
requires time and the assistance of international institutions.
It said very little time remains before the maturity on March 9,
which does not allow for preparation and "competent handling."

 (Reporting by Ellen Francis
Editing by Samia Nakhoul)
 ((Ellen.Francis@thomsonreuters.com;))