government bond

g-secs: FPI ownership of Indian g-secs surges to a record

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g-secs: FPI ownership of Indian g-secs surges to a record

Mumbai: With foreign portfolio investments in the Fully Accessible Route (FAR) for Indian government bonds continuing at a fast clip ahead of their June inclusion in a global index, international players now own a record one-fifth of one of the most highly liquid domestic sovereign papers. As of January 18, foreign funds owned 21.2%, or … Read more

Ethiopia: Ethiopia becomes Africa’s latest sovereign default

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Ethiopia: Ethiopia becomes Africa’s latest sovereign default

LONDON: Ethiopia became Africa‘s third default in as many years on Tuesday after it failed to make a $33 million “coupon” payment on its only international government bond. Africa’s second most populous country announced earlier this month that it intended to formally go into default, having been under severe financial strain in the wake of … Read more