Ethiopia makes savvy $1bn debut, sets strong tone for future issuers
Ethiopia made an impressive debut on Thursday, December 4, amid less than ideal market conditions. The recent sell-off in African sovereign bonds was of little concern to the sovereign which received strong investor feedback on account of its strong growth story and JP Morgan Emerging Market Bond Index (EMBI) eligibility. In addition, investors came away satisfied that the bond was priced sensibly.
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