Eurobonds surge following Cabinet formation. Beirut Stock Exchange remains dormant awaiting clearer vision

Prices of Lebanese dollar-denominated sovereign bonds have surged following the formation of the new Cabinet.

Eurobonds maturing in 2037 rose 2.2 percent to $82 on Feb. 1 compared with their price on the morning of Jan. 31 before the announcement of the Cabinet formation. The 2025 issue of the Eurobonds increased 2.4 percent over the same period.

Eurobond prices, which plunged on Jan.11 following a statement by the Minister of Finance about a possible restructuring of public debt, ...

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