February 15, 2018 / 4:31 PM / 3 months ago

Ethiopia 2024 dollar bond hits 6-mth low after PM resigns

LONDON, Feb 15 (Reuters) - Ethiopia’s dollar bond maturing 2024 fell 0.745 cents on Thursday to 100.896 cents - its lowest level in six months - after the country’s Prime Minister Hailemariam Desalegn suddenly resigned.

Desaleng said he took the step in a bid to smooth reforms, following years of violent unrest that threatened the ruling party’s hold on Africa’s second most populous nation. (Reporting by Karin Strohecker; editing by Sujata Rao)

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