Lebanon to ask for 7-day grace period for March 9 bond-source
- Country:
- Lebanon
Lebanon intends to ask for a seven-day grace period for a $1.2 billion Eurobond that matures on March 9, as it is entitled to, in order to give financial advisers more time to draft a restructuring plan, a government source said on Thursday.
Lebanon would seek the seven-day grace period ahead of the March 9 date, the source said.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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