Lebanese dollar-denominated Eurobonds rise following Assad's ouster

Lebanon Economy
09-12-2024 | 06:23
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Lebanese dollar-denominated Eurobonds rise following Assad's ouster
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Lebanese dollar-denominated Eurobonds rise following Assad's ouster

Lebanese dollar-denominated Eurobonds surged on Monday following the ouster of Syrian President Bashar al-Assad by opposition forces.

The bond rise was fueled by expectations that the developments could weaken Lebanon’s Hezbollah group and bring about change in the country.

The 2031-maturing bonds climbed approximately 0.75 cents to 11.59 cents, marking their highest level since April 2022.

Reuters

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