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Tuesday, January 6, 2026

Ethiopia Seeks to Restructure $1 Billion International Bond

 Reuters published on 3 January 2026 an article titled "Ethiopia Strikes Draft Restructuring Deal on $1 Billion Bond with Bondholder Group" by Dawit Endeshaw and Karin Strohecker.

Ethiopia defaulted on its sole international bond in 2023 and opted to rework its debt under the G-20's Common Framework initiative.  Addis Ababa has struck a preliminary agreement with a group of investors holding some of its $1 billion 2024 international bond.  This marks an important step toward restoring debt sustainability.