Lebanon’s PM Diab says decision on Eurobonds on Friday or Saturday: Report

A final decision on Lebanon’s Eurobonds will be taken on Friday or Saturday, Prime Minister Hassan Diab was quoted as saying by the head of the Lebanese media council after a meeting on Monday.

Lebanon has said it will announce a decision this week regarding its Eurobonds, which include a $1.2 billion issue maturing on March 9 and others that mature in April and June.

The country is widely expected to restructure the sovereign bonds after a long-brewing economic crisis, which came to a head last year as capital inflows slowed and protests erupted against Lebanon’s ruling elite over corruption and bad governance.