Ethiopian Eurobond Surges as Investors Await Bondholder Call
- International bond price increases the most since January
- Coupon on the security that was due Monday wasn’t paid
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Ethiopia’s eurobond jumped the most in almost a year before officials hold an investor call later this week to discuss its proposals for restructuring the loan.
The security jumped 2.25 cents — the most since Jan. 12 — to 63.74 cents on the dollar by 11:17 a.m. in London, according to data compiled by Bloomberg. The price is at the highest in more than a month.