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FinancialNews
08-10-19
Rise in prices of Lebanese Eurobonds
(MENAFN) Lebanon witnessed a minor boost in its dollar-denominated Eurobonds prices after the United Arab Emirates (UAE) welcomed Lebanese Prime Minister Saad Hariri.
Reports explained that the prime minister headed for the visit to the UAE with a purpose to lure fresh investments into Lebanon.
Elnashra reported a 0.6 cents increase in the 2037 Eurobond issues to stand at 65.96 cents to the U.S. dollar.
Furthermore, according to the report, the 2032 Eurobond issues recorded a 0.5 cents rise to reach 65.57 cents to the dollar.
Hariri joined the UAE-Lebanon Investment Conference on Monday in Abu Dhabi alongside a Lebanese delegation to attract investments from UAE firms in areas including electricity, gas, roads, ports and airports.
MENAFN0810201900450000ID1099098455
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