Ethiopia’s $1 billion international bond restructuring talks collapse

Formal talks over the restructuring of Ethiopia’s $1 billion international bond have been terminated after a group of bondholders rejected a revised proposal.

The Ethiopian finance ministry announced the rejection on Thursday, May 28, following three weeks of restricted discussions. The end of the talks marks a setback for Ethiopia as it seeks to address its debt challenges.

The collapse of the discussions leaves unresolved a key part of the country’s broader debt restructuring effort. The research summary did not provide details of the revised proposal or the specific objections raised by bondholders.