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...]
The Republic of Congo’s unrated US$ 2029 sovereign bond is now trading at an all-time high, reflecting the strength of global risk sentiment in general, and the appetite for African fixed income instruments in particular. While I don’t see any fundamental reason for the instrument to continue rising, I do think its recovery bodes well [Read more...]
Business Monitor’s Emerging Europe team has been cautious regional financial markets over the past several weeks, holding a neutral position across asset classes in the company’s in-house market portfolio since June 12. The long equity positions the team had held through the end of March to early June continue to look shaky amid technical signs [Read more...]
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