Lebanon has "no intention of touching value" of bonds- Bloomberg citing finance minister

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2019-01-11 | 12:40
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Lebanon has "no intention of touching value" of bonds- Bloomberg citing finance minister
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Lebanon has "no intention of touching value" of bonds- Bloomberg citing finance minister

Lebanon's finance minister said on Friday there was "absolutely no intention of touching the value of Lebanese bonds", following a Bloomberg report that quoted him saying a fiscal reform plan being prepared included a debt rescheduling.

 

Asked whether a haircut was under consideration, Ali Hassan Khalil told Reuters: "There is absolutely no intention of touching the value of Lebanese bonds or taking a percentage of them.

 

"The proposals are an operation to organize and manage the debt and to move ahead with reform measures that reduce the burden of it."

 

 

 

REUTERS

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