Sovereign Analysis /
Ethiopia

Ethiopia: Coupon payment first major sign of restructuring intentions

  • Ethiopia has a US$33m eurobond coupon due on 11 June, the first since it announced its Common Framework restructuring

  • Still not clear if PSI is necessary; coupon will be first major signal, and could impact Ethiopian and Zambian eurobonds

  • Rocky road still ahead, with elections on 21 June, uncertainty from sanctions, and ongoing delays to IMF talks

Ethiopia: Coupon payment first major sign of restructuring intentions
Patrick Curran
Tellimer Research
8 June 2021
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