BAD NEWS: Bloomberg: Creditors Rejected Ethiopia's Request For Debt Relief
Posted: 28 May 2026, 15:20
Ethiopia Says Bondholders Reject Latest Proposal of 12% Haircut
By Matthew Hill and Fasika Tadesse
May 28, 2026 at 2:41 PM UTC
Ethiopia’s finance ministry said restructuring talks with some bondholders fell through after they rebuffed its latest proposal for them to take a 12% loss, drawing out a default that dates back to December 2023.
The failure to reach a deal at the May 6 to 27 talks follows several previous rounds of negotiations. Earlier this year, some holders of the $1 billion in notes due 2024 started the process to sue the government for payment.
https://www.bloomberg.com/news/articles ... 12-haircut
By Matthew Hill and Fasika Tadesse
May 28, 2026 at 2:41 PM UTC
Ethiopia’s finance ministry said restructuring talks with some bondholders fell through after they rebuffed its latest proposal for them to take a 12% loss, drawing out a default that dates back to December 2023.
The failure to reach a deal at the May 6 to 27 talks follows several previous rounds of negotiations. Earlier this year, some holders of the $1 billion in notes due 2024 started the process to sue the government for payment.
https://www.bloomberg.com/news/articles ... 12-haircut
