Lebanese gov’t pays 1.5 bln USD to Eurobond buyers

Lebanon’s central bank has paid the buyers of its Eurobond 1.5 billion U.S. dollars that were due on Thursday.

The eight-year Eurobond has a yield rate of 5.45 percent, reported Elnashra, an online independent newspaper.

Lebanese experts previously voiced their fears about Lebanon’s possible default on the Eurobond due to the financial crisis prevailing in the country.

Lebanon has to pay for three Eurobonds in 2020, including 1.2 billion dollars in March, 700 million dollars in April and 600 million dollars in June.

Lebanon is the third most indebted country in the world with a debt of 86 billion dollars by the end of July.