Skip to content
Subscriber Only
Markets
Economics

Lebanon May Ask Banks to Buy Back Bonds Sold to Foreign Funds

Buildings stand in Beirut.

Buildings stand in Beirut.

Photographer: Hasan Shaaban/Bloomberg

Lebanese officials are considering asking local banks to buy back Eurobonds they sold to foreign funds, after the transactions gave outside creditors more leverage in a potential restructuring discussion if the government decides to default, former Finance Minister Ali Hasan Khalil said.

Read more: Ashmore Dials Up Another Risky Bond Bet After Big Blowups