SA Eurobonds bounce back on S&P reprieve – Zuma, politics ignored for now
Yields on the country’s $2 billion of Eurobonds due Sept. 2025 dropped 8 basis points to 4.63 percent by 4:50 p.m. in London, the lowest since October 28.
Yields on the country’s $2 billion of Eurobonds due Sept. 2025 dropped 8 basis points to 4.63 percent by 4:50 p.m. in London, the lowest since October 28.
Andrew Canter looks at the pricing of SA’s $1.25bn Eurobond finalised this week and looks at the implications of the downgrade to “junk” status.
South Africa is opening the market for the continent by selling its first Eurobond in almost two years as it seeks to capture lower borrowing costs to finance a widening budget gap.
A team from the International Monetary Fund will arrive in Zambia on Wednesday to discuss “challenges” facing the country, buffeted by the kwacha’s record slump.
African governments facing falling levels of foreign aid are on a borrowing spree to pay for power stations and other infrastructure by issuing eurobonds
By Chijioke Ohuocha LAGOS (Reuters) – Worsening security in Nigeria has not deterred foreign investors from buying its assets, Citigroup’s country head said on Wednesday, citing $1.1 billion worth of Eurobonds it had traded for three local lenders so far this year. But any spread of attacks further south or to the commercial hub of Lagos could start to put … Read more