Ethiopia to start formal talks with bondholders this week, Bloomberg reports

NAIROBI (Reuters) -Ethiopia will kick off formal negotiations with investors in its $1 billion Eurobond on how to restructure the debt, Bloomberg News reported on Monday, as the country looks to continue its path out of default following a deal with official creditors.

The news agency cited unnamed sources. Ethiopia’s new central bank governor, Eyob Tekalign, did not immediately respond to a request for comment.

(Reporting by Duncan Miriri;Editing by Alison Williams)

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