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, %|