Ethiopia Eurobond Stories

The newly licensed institutions include CBE Capital S.C. and Wegagen Capital Investment Bank S.C., both designated as investment banks.

CS Mbadi said the proceeds from this bond will be used to refinance existing external debt, including a planned buyback of a US$900 million (Sh116.3 b...

This marks the second time the Treasury has undertaken a Eurobond buyback. The first occurred in February 2024, when the government repurchased a $1.4...

If Kenya meets its sustainability targets, the cost of repaying the bond remains lower, while failure to do so could result in higher coupon payments.

The IMF said on Wednesday that it would analyse the report and initiate consultations with authorities to address issues raised.

Ethiopia plans to reach a deal with bilateral creditors by year-end, the Fund said, followed by a deal with its Eurobond investors.

Kenya's successful Eurobond issuance in February, which enabled it buy back a significant portion of the 2024 Eurobond, is the driving force behind th...

The lender says developing nations will be looking to leverage the easing cost of accessing loans to acquire more funding.

Kenya's economy is estimated to have grown 5.8% in the first quarter of this year, after 2023 growth of 5.6%.

In February, Kenya sold a new $1.5 billion (Sh196 billion) Eurobond to fund the buyback of a large portion of the $2 billion (Sh261.4 billion) bond.

Agency warns the move could attract high costs and worsen their debt dynamics.

Kenya used the $1.5 billion it raised on February 12, 2024, in the Eurobond buyback issue to make the payment, thereby eliminating the risk of debt de...

Central Bank of Kenya Governor Kamau Thugge had acknowledged concerns about the country's ability to repay the 10-year Eurobond when it matures in Jun...

In a new report, the Institute of Public Finance (IPF) says that despite cutting budgets to control government spending, high public debt service cost...