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Ethiopia Raises The Upcoming Eurobond To USD 2 Billion

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Ethiopia expects to increase its Eurobond up to USD 2 billion via a ten-year Eurobond by the end of this year, Elias Loha, senior National Bank advisor said on October 21, 2015.

Elias told Reuters this figure on the sidelines of an investment conference.

He said it will take two or three months to raise the amount of the Eurobond, assuring it will take place in 2015.

Ethiopia increased USD 1 billion with a debut ten-year Eurobond in December 2014. The coupon on this bond was 6.625 percent.

Elias said Ethiopia hopes the outcome to be stable or less than, but not beyond last year’s issue.