Monday, October 6, 2014

Ethiopia plans bond market debut by early January, says official

ADDIS ABABA Oct 6 (Reuters) - Ethiopia aims to make its first foray into the international bond markets by early January, the Finance Ministry spokesman said on Monday, plans that will be closely watched by investors who have snapped up other African debt.

"We are aiming for late December to early January at the latest as the time for our debut into the international capital markets," Finance Ministry spokesman Haji Ibsa told Reuters, when asked about a Eurobond or other bond plans. "Bonds are very much part of the plan to improve infrastructure." (Reporting by Aaron Maasho; Writing by Edmund Blair)