17 Hrs
Source:
عين ليبيا
Libya Faces Rising Debt and New Bonds
The article explains how issuing bonds serves as a method for financing the government and corporations, clarifying that bonds represent a debt owed by the issuer, and that bondholders earn an annual return based on a predetermined interest rate. It also notes that their repayment periods range from one year to over ten years. Additionally, it mentions that there are more than 7 billion dinars in overdue debts owed by the government and the public sector to banks. The article states that issuing government bonds worth 10 billion dinars may face legal obstacles related to violations of the law prohibiting interest.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)