BRICS candidate likely to default – media ...News

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BRICS candidate likely to default – media
source : Russia Today ( News ) () 30
Ethiopia has reportedly missed a deadline for paying a $33 million bond coupon Ethiopia will hold a call with its international bondholders later this week after the African nation failed to pay a $33 million bond coupon that was due on Monday, according to a senior finance ministry official, as quoted by Reuters. Last week, the finance ministry said the country’s efforts to renegotiate the bond terms before the deadline for the coupon payment had fallen through. The sides had reportedly disagreed over how long to extend the maturity and spread out repayments of its single $1 billion international bond maturing in

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