Sub-Saharan African nations have returned to international capital markets, marking a definitive departure from the debt-stress saga that has haunted the region since 2020.
Appetite for new debt issued by Ivory Coast and Benin signals a shift away from angst in the market, while Kenya’s eurobond buyback and new sale showcase options now open even to some of the more worrisome borrowers. After spending parts of last year with the continent as a whole trading as a distressed credit, market indicators show that fears of other African nations following Ghana, Zambia and Ethiopia into default are a thing of the past.
Source link : https://www.bloomberg.com/news/articles/2024-02-09/africa-s-eurobond-comeback-ends-post-covid-debt-distress-saga
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Publish date : 2024-02-09 08:00:00
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