Ethiopia Bond Exchange Trails 4 Peers
Ethiopia is the only tracked debt case with a bond exchange still pending, a global progress report of 14 October 2026 shows. The post Ethiopia Bond Exchange Trails 4 Peers appeared first on The Rio Times .
Ethiopia remains the only among six sovereign debt cases with a bond exchange still pending, according to a global progress report dated 14 October 2026. The report, released by the Global Sovereign Debt Roundtable (GSDR), notes that Ethiopia has been in default since December 2023 on its sole Eurobond, a US$1 billion note. Eleven of 14 bilateral agreements with the Official Creditor Committee (OCC) have been finalized.
Ethiopia reached an agreement in principle with Eurobond holders on June 29, and the Ministry of Finance published the OCC’s finding that the terms meet comparability of treatment on August 21. This agreement and other deals cover around 75% of Ethiopia's total external commercial debt. The report's list of six tracked cases also includes Chad, Ghana, Zambia, Sri Lanka, and Suriname, but Ethiopia is the only one with a pending bond exchange.
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