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Lebanon Bond Repayment Wins Time for a Nation in Crisis

  • Finance Ministry issued payment instructions to central bank
  • Amid crisis, Lebanon’s next bond payment is in March 2020
Anti-government protesters block a road into Tripoli, Lebanon, on Nov. 25.
Anti-government protesters block a road into Tripoli, Lebanon, on Nov. 25.Photographer: Ibrahim Chahoub/AFP via Getty Images
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Lebanon repaid a $1.5 billion Eurobond on Thursday, an official with knowledge of the matter said, buying the country time as speculation swirls over its ability to avoid a default during a political and economic crisis.

The Finance Ministry issued payment instructions to the central bank, also known as Banque du Liban, the official said on condition of anonymity. The next bond payment is scheduled for March, when a $1.2 billion Eurobond comes due.