With the improvement in financial market conditions seen over the last few months, a number of African countries are reviving or devising plans to launch US dollar denominated bonds – or Eurobonds. While the majority of the volume will come from the larger, better established economies like Nigeria, Kenya and Angola, smaller players are also [Read more...]
After months of mulling over the possibility of a Eurobond sale, Angolan authorities confirmed last month that the issue would go ahead in the early 2010. The amount being sought is reported to be close US$4.0bn – quite a sum for country whose nominal GDP is only about US$100bn. To my mind, the decision to [Read more...]
With risk appetite still on and markets racing ahead, I have been seeking out some of the more unconventional, ‘frontier’ plays. These are not for the faint-hearted but I like the look of several sovereign bonds – Ghana’s US$ 2017 global bond, Republic of Congo’s US$ 2029 global bond and Ukraine’s US$ 2013 global bond. [Read more...]
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