Government Bond Proclamation No. 1346-2024

Short Title: “Government Bond Proclamation No. 1346/2024”.
Issuing Organ: The Proclamation was issued by the House of Peoples’ Representatives of the Federal Democratic Republic of Ethiopia and signed by the President, Taye Atske Selassie.
Effective Date: The proclamation came into force on the date of its publication in the Federal Negarit Gazette, which was January 13, 2025.
Total Bond Amount: Birr 900,000,000,000.00 (Nine Hundred Billion Birr).
Primary Beneficiary: The Commercial Bank of Ethiopia.
Allocations:
- Birr 845,316,570,114.00 is designated to repay loans extended by the Commercial Bank of Ethiopia to public enterprises that failed to repay.
- Birr 54,683,429,886.00 is designated to raise the capital of the Commercial Bank of Ethiopia.
Redemption Terms: The bond must be redeemed within 10 years following a three-year grace period.
Tax Status: Any document or transaction related to these government bonds is exempt from stamp duty and any other taxes.

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