financetom
World
financetom
/
World
/
Lebanon bonds rally to near-5-year high after new government formed
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Lebanon bonds rally to near-5-year high after new government formed
Feb 10, 2025 12:42 AM

LONDON, Feb 10 (Reuters) - Lebanon's international bonds

rallied more than 1 cent on Monday after the country formed a

new government on Saturday, a move intended to bring the

country closer to accessing reconstruction funds following a

devastating war between Israel and Hezbollah.

Lebanon's dollar-denominated bonds jumped as much as 1.1

cents to being bid at around 18.3 cents across most maturities,

the highest level since March 2020, Tradeweb data showed.

New Prime Minister Nawaf Salam said on Saturday that the

24-member cabinet would prioritise financial reforms,

reconstruction and the implementation of a United Nations

resolution seen as a cornerstone to stability on the Lebanese

border with Israel.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2025 - www.financetom.com All Rights Reserved