Lebanon Default May Trigger $400 Million Payout to Investors
- Missed payment may qualify as default for credit insurance
- Lebanon said it wouldn’t honor $1.2 billion Eurobond
Protesters ram concrete barricades near parliament in Beirut on Feb. 11.
Photographer: Hasan Shaaban/BloombergThis article is for subscribers only.
Follow us @middleeast for more news on the region.
Lebanon’s decision to default on its debt to pay for essential goods will probably hand investors a windfall of as much as $400 million.