Lebanon banking assn urges resolution to Eurobonds maturity issue

Lebanon banking assn urges resolution to Eurobonds maturity issue

Lebanon’s banking association urged Lebanese President Michel Aoun on Thursday to find a quick resolution of uncertainties over the country’s fast-approaching Eurobond maturities, saying falling bond prices were creating losses and piling pressure on banks.

In a statement, the association asked Aoun to approach the Eurobond issue in a “technical way far from politics.” Lebanon has a $1.2 billion Eurobond due on March 9.

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