Editorial

12 Dec 2014 Federal Democratic Republic of Ethiopia Debut Bond Offering

Federal Democratic Republic of Ethopia Debut Bond Offering - Ethiopia is Africa's fastest growing economy and this issuance (which follows those from other African sovereigns such as Kenya and Ivory Coast) is the first step in the country's attempt to fund cUSD50m in infrastructure. The republic is rated B1 by Moodys and B by both Fitch and Standard and Poors. (Linklaters advised the Lead Managers).

Financial Center: Dubai

Law Firm: Linklaters

Lawyer: Richard O'Callaghan

Practice Area: Debt Capital Markets

Classification: Sovereign Bonds

Advised Party: Lead Managers