Ruling on Lebanon Debt Insurance Paves Way for $400m Payout
- Determinations Committee rules that swaps are in credit event
- Auction will be held to decide precise value of payout
A pedestrian passes metal panels protecting the graffiti covered entrance to the Association of Banks headquarters in Beirut, on March 7.
Photographer: Hasan Shaaban/BloombergThis article is for subscribers only.
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Investors in credit insurance on Lebanon are set to receive a payout after a binding ruling from a CDS committee.