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Qatar Plans to Support Lebanon With $500 Million Bond Buy

  • Emirate’s bond investment won’t be a game changer for Lebanon
  • Qatari ruler was one of few leaders to attend summit in Beirut
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Qatar said on Monday it plans to buy $500 million of Lebanese government bonds to help support one of the world’s most indebted countries. Eurobonds rallied by the most since September.

Lebanon’s struggling economy needs a cash infusion to reassure bond holders still reeling from mixed remarks by officials about the possibility of debt restructuring this month.