March 4, 2020 / 11:45 AM / a month ago

Lebanese finance minister's office denies report of Eurobond swap proposal

BEIRUT, March 4 (Reuters) - The Lebanese finance minister’s office denied a Reuters report on Wednesday that he had proposed a Eurobond swap.

A source familiar with the matter had confirmed a report in Lebanon’s al-Akhbar daily that Finance Minister Ghazi Wazni had proposed to swap local banks’ holdings of the Eurobond for a new bond paying less interest, and to keep paying the Eurobond debt. (Reporting by Ellen Francis and Tom Perry; Editing by Kevin Liffey)

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