Economy
Eurobonds
International debt bonds Lebanon issued in foreign currency. Lebanon defaulted on them in 2020, and they are now central to financial and legal disputes.
Eurobonds are debt securities issued by states or companies in external markets in currencies other than the issuer's domestic currency. Lebanon issued a series of dollar-denominated Eurobonds before 2019 to raise financing. In March 2020 Lebanon announced it would not repay these bonds, opening a complex file on debt restructuring and creditor rights. The bonds remain disputed among the state, banks, and investors.
Written by AI and not yet reviewed by an editor.