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Ethiopia agrees preliminary deal to restructure 2024 Eurobond

Ethiopia's government said on Monday that ‌it had reached a preliminary agreement with a ​key bondholder group on the restructuring of its $1 billion ​Eurobond due 2024. Talks ​to rework the Horn of Africa country's only international bond have made slow ⁠progress, after Ethiopia opted to restructure its debt in 2021 and defaulted in 2023. [...]