Ethiopia said on Thursday that a committee representing holders of its 6.625 percent Eurobond due in 2024 had rejected a revised restructuring proposal that removed a controversial value recovery instrument, prolonging uncertainty over the country’s first international sovereign debt workout. The Ministry of Finance said the revised proposal was discussed during restricted negotiations held between […]
Ethiopia said on Thursday that a committee representing holders of its 6.625 percent Eurobond due in 2024 had rejected a revised restructuring proposal that removed a controversial value recovery instrument, prolonging uncertainty over the country’s first international sovereign debt workout. The Ministry of Finance said the revised proposal was discussed during restricted negotiations held between […]
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