Ceasefire hopes to push Lebanese bonds to two-year high

robot
Abstract generation in progress

Data from Jin10 on November 26th: The beleaguered Lebanese sovereign dollar bonds hit a two-year high on Tuesday as investors bet that a potential ceasefire with Israel could improve Lebanon's prospects. These bonds have pumped over 3% this week and are currently trading at less than 10% of face value. The 2031 bonds are priced at 9.3 cents on the dollar, the highest level since May 2022. Bruno Gennari, an emerging market strategist at King Securities International, said, 'Some investors are considering whether now is the right time to buy, as a ceasefire is the first step needed to restructure the bonds at some point.'

View Original
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments