Eurobonds: Appetite Strong But Little Long-Term Value

Recent bond issuances by Côte d'Ivoire and Senegal demonstrate that appetite for Sub-Saharan African (SSA) eurobonds remains strong.

  • That said, we think the asset class offers little value at current levels over a one- to five-year time horizon.

  • Zambian dollar debt is facing downside risks related to policy issues.

  • Yields Heading Lower For 2014 Issuers
    Africa - Yields On Select Eurobonds, %

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    This article is tagged to:
    Sector: Country Risk
    Geography: Africa, Cote d`Ivoire, Gabon, Ghana, Kenya, Senegal, Zambia

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