Lebanon pays back $1.5 billion Eurobond amid economic crisis and fresh protests
Police stand guard behind a barbed-wire fence in front of the government house in downtown Beirut, Lebanon, Thursday, November 28, 2019.
Antoine Daou, a protester with the crowd, called for Salameh to be held accountable for the deterioration of the Lebanese currency rate. The protesters who have been on the streets for 43 days are demanding that the country's ruling elite be replaced, blaming them for failures in years that followed the 1975-90 civil war.Meanwhile, Lebanon paid back a Eurobond worth $1.5 billion that was scheduled to mature Thursday, a Finance Ministry official said, pacifying concerns of a first-ever default on its debt amid the worst financial crisis in three decades.
He added that Eurobonds worth $2.5 billion are scheduled to mature next year, the first payments will come in March and it will be worth $1.3 billion.
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