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Ethiopia Hires Deutsche Bank and JP Morgan for a 1Billion USD, 10 Year Note, Bond Sales

Short link for this post is: http://bit.ly/1tsGasx

Ethiopia has been growing at a double digit rate for the past decade and that has led to ratings of B1 (Moody), B (Standard & Poor), and B (Fitch) by three financial institutions.

Ethiopia via hired banks (Deutsche Bank and JP Morgan) will start organizing a series of fixed income investor meetings across Europe and the US starting Wednesday, November 26, 2014.

The following two articles talk about Ethiopia’s effort to tap into international bond markets to reportedly raise around US$1bn through a 10-year note.

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Ethiopia Adopts Mobile Technology for GERD Fundraising: Lottery and SMS Text

The government of Ethiopia has introduced new methods to raise funds locally for construction of the Grand Ethiopian Renaissance Dam, a multi-billion dam being built over River Nile.

The National Council for the Coordination of Public Participation on the Construction of the Dam has introduced two programs to raise funds – Mobile SMS and Lottery.

Fana Broadcasting Corporation and Ethio Telecom have agreed to offer these services for free of charge. The fundraising program will last for six months, ending in March 2015.

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Welcome to the Grand Ethiopian Renaissance Dam Project Support Group in Vancouver, BC, Canada

Welcome to the GERD support committee, Vancouver Chapter.

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