Qatar Starts to Make Good on $500 Million Bond Pledge to Lebanon - Bloomberg:
Qatar has bought some bonds in a planned $500 million investment in Lebanese debt and remains committed to completing its pledge, according to a Qatari government official.
The gas-rich country intends to make the rest of the investment as announced in January, the official said, without providing a time line to complete the deal. The official asked not be identified because the information isn’t public. Lebanon's dollar bonds rallied on Friday, lowering the yield by the most in a week.
Lebanon, one of the world’s most indebted nations that spends almost half its fiscal revenue just on interest payments, has been seeking funds from other countries for months after Qatar made its pledge.
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