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Lebanon formally declares its readiness for default

Lebanon announced it cannot meet its debt payments and halted a March 9 bond payment of $1.2 billion on Saturday, setting the heavily indebted state on course for a sovereign default as it grapples with a major financial crisis. In a televised address to the nation, Prime Minister Hassan Diab …

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Oman deficit not a barrier to Fitch rating

Oman’s bond investors gained some respite this week as Fitch affirmed its rating for the indebted country and the government published encouraging deficit figures, potentially paving the way for the Gulf oil producer’s next debt sale. Rated junk by all three major rating agencies, Oman has relied heavily on borrowing …

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Israel issues bonds for European buyers

Israel has issued its first 50-year bonds in a deal worth 500 million euros ($568 million) with a single institutional investor in Europe, the Finance Ministry said on Thursday. The bonds have a fixed 2% interest rate, which reflects a lower cost than previous offerings that were for periods of …

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