UPDATE 2-Lebanon to ask for 7-day grace period for March 9 bond-source
Lebanon intends to ask for a
seven-day grace period for a $1.2 billion Eurobond that matures
on March 9, as it is entitled to, in order to give financial
advisers more time to draft a restructuring plan, a government
source said on Thursday.
seven-day grace period for a $1.2 billion Eurobond that matures
on March 9, as it is entitled to, in order to give financial
advisers more time to draft a restructuring plan, a government
source said on Thursday.
Posted by Reuters
