Eskom Holdings, South Africa’s state power utility, seeks to convert $840 million of bailout funds into equity. Meanwhile, Fitch downgrades Ethiopia further into junk territory as default looms. Ethiopia aims to restructure its $1 billion eurobond, seeking debt relief early. South Africa considers drawing half of $27 billion contingency funds to reduce debt. S&P declares Ethiopia in selective default after missing a coupon payment.
S&P said Ethiopia made a selective default after the government missed a coupon payment Monday and announced it wouldn’t pay it within the grace period https://t.co/IlnTywoeqi
South Africa mulls drawing half of $27 billion contingency funds to reduce debt https://t.co/6j1rqm4gXJ https://t.co/0AXW3DdZrJ
Ethiopia asks bondholders for debt relief early, 'likely once and for all' https://t.co/bNLa3ZL46m https://t.co/n7Q19cAw52
Ethiopia’s government aims to conclude a deal with bondholders early next year on the terms of a restructuring of its $1 billion eurobond https://t.co/jL6gc6e7hQ
Ethiopia’s government aims to conclude a deal with bondholders early next year on the terms of a restructuring of its $1 billion eurobond https://t.co/RDsZuDM5zj
Ethiopia floats "loss reinstatement" provision in bond rework -sources https://t.co/vGJrk9XC9h https://t.co/oaDanV0Hgw
Fitch downgrades Ethiopia further into junk territory as default looms https://t.co/EjvELiNb5P https://t.co/X8epE66A7e
Eskom Holdings., South Africa’s indebted state power utility, asks the National Treasury to convert $840 million of bailout funds into equity https://t.co/hD5CZOnopT
Eskom Holdings., South Africa’s indebted state power utility, asks the National Treasury to convert $840 million of bailout funds into equity https://t.co/RgcABVXO91
Eskom Holdings., South Africa’s indebted state power utility, asks the National Treasury to convert $840 million of bailout funds into equity https://t.co/MBahyjl9ZZ