Lebanese Dollar-Denominated Eurobonds Rise Following Assad's Ouster

Lebanese dollar-denominated Eurobonds surged on Monday following the ouster of Syrian President Bashar al-Assad by opposition forces.

The bond rise was fueled by expectations that the developments could weaken Lebanon’s Hezbollah group and bring about change in the country.

The 2031-maturing bonds climbed approximately 0.75 cents to 11.59 cents, marking their highest level since April 2022.