Qatar Starts to Make Good on $500 Million Bond Pledge to Lebanon

Qatar has bought some bonds in a planned $500 million investment in Lebanese debt and remains committed to completing its pledge, according to a Qatari government official.

The gas-rich country intends to make the rest of the investment as announced in January, the official said, without providing a time line to complete the deal. The official asked not be identified because the information isn’t public. Lebanon's dollar bonds rallied on Friday, lowering the yield by the most in a week.