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March 12, 2020       Share:    

Source: https://www.ft.com/content/75990a94-62c7-11ea-a6cd-df28cc3c6a68

Lebanon Defaults on Debt, Leaving Creditors Facing Big Losses

(Financial Times-UK) Tommy Stubbington - Investors in Lebanon's dollar bonds are nursing big losses after the government failed to repay a $1.2 billion bond due on Monday, triggering the country's first ever sovereign default.

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