Ethiopia Introduces “New Money Warrant” to Break Eurobond Restructuring Deadlock

The Ministry of Finance (MoF) has officially announced that it has reached an Agreement in Principle (AIP) with an Ad Hoc Committee of creditors regarding the restructuring of its $1 billion 2024 Eurobond debt. It was indicated that this ad hoc committee represents institutional investors who collectively control approximately 45 percent of the existing 2024 […]