|20 February, 2020

Lebanon banking association urges quick solution to Eurobonds maturity issue -statement

Association asked Aoun to approach the Eurobond issue in a "technical way far from politics".

Image used for illustrative purpose. A money exchange vendor displays Lebanese pound banknotes at his shop in Beirut February 7, 2012.

Image used for illustrative purpose. A money exchange vendor displays Lebanese pound banknotes at his shop in Beirut February 7, 2012.

REUTERS/Mohamed Azakir

BEIRUT- Lebanon's banking association urged President Michel Aoun on Thursday to find a quick resolution of uncertainties over the country's fast-approaching Eurobond maturities, saying falling bond prices were creating losses and piling pressure on banks.

In a statement, the association asked Aoun to approach the Eurobond issue in a "technical way far from politics". Lebanon has a $1.2 billion Eurobond due on March 9.

(Reporting by Laila Bassam and Tom Perry; editing by John Stonestreet) ((eric.knecht@thomsonreuters.com; Reuters Messaging: eric.knecht.thomsonreuters.com@reuters.net))

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