Exclusive-Some investors offering Ethiopia maturity extension on 2024 bond - sources

Published on: Wednesday 22 February 2023

An informal group of international bondholders has proposed to Ethiopia's government to extend the maturity of the country's $1 billion eurobond issue coming due in 2024, three sources with direct knowledge of the matter told Reuters. The proposal involves the debt maturity being extended to 2029 or 2030 as well as an amortising structure to avoid a big lump-sum payment at the end, with the last five years seeing repayments of $200 million a year, said one of the sources, who like the others asked not to be named because talks are private. "There have been a number of approaches, but so far without getting any response" from the government, the source added.

News source: https://news.yahoo.com/exclusive-investors-offering-ethiopia-maturity-091527594.html

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Exclusive-Some investors offering Ethiopia maturity extension on 2024 bond - sources