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|10 January, 2019

Lebanon dollar-bonds fall on debt restructuring report

Bonds maturing in 2022, 2024 and 2025 lost around half a cent

A Lebanese banker counts U.S. dollars at BLOM Bank's head office in Beirut October 22, 2008.

A Lebanese banker counts U.S. dollars at BLOM Bank's head office in Beirut October 22, 2008.

REUTERS/Jamal Saidi

LONDON  - Lebanon's dollar-denominated sovereign bonds fell on Thursday following a report that the country's finance ministry is preparing a "financial correction" plan which includes a debt restructuring.

Bonds maturing in 2022, 2024 and 2025 lost around half a cent to trade at their lowest in several weeks.

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(Reporting by Karin Strohecker; editing by Marc Jones) ((karin.strohecker@thomsonreuters.com; +442075427262; Reuters Messaging: karin.strohecker.reuters.com@reuters.net))

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