September 18, 2019 / 9:42 AM / a month ago

Lebanon dollar bonds jump on Saudi financial support pledge

LONDON, Sept 18 (Reuters) - Lebanon’s dollar-denominated government bonds rose on Wednesday after Saudi Arabia’s Finance Minister Mohammed al-Jadaan said the kingdom was in discussions with Lebanon’s government about providing financial support.

The 2037 issue gained 1.9 cents to 64.88 cents in the dollar, while the 2029 paper added 1.8 cents to 64.00 cents in the dollar, according to Tradeweb data.

Reporting by Tom Arnold Editing by Andrew Heavens

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