Sovereign Analysis /
Ethiopia

Ethiopia: Debt restructuring statements still ambiguous

  • Government says US$1bn of restructuring remains, with eurobond to be excluded from the process

  • IMF statement urging formation of creditor committee is ambiguous, adding to confusion

  • Planned restructuring terms have material downside for eurobonds if they are included; retain Hold

Ethiopia: Debt restructuring statements still ambiguous
Patrick Curran
Tellimer Research
8 July 2021
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