Tuesday, June 22, 2021

Kenya: Huge demand for continent’s eurobonds spur wave of issuances

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A huge appetite for African eurobonds is spurring a wave of issuances in the continent. Benin saw its ratings outlook improve after successful eurobond issuances in January. In February, Cote d’Ivoire raised $1.03 billion in a eurobond sale which saw investors place orders for triple the amount offered. Now, Kenya is planning to use the debt instrument to raise $1 billion by June, and Ghana and Nigeria are also preparing their own issues. 
Ramah Nyang’ explores the debt crisis some countries on the continent are dealing with at the moment. He is joined by Professor X. N. Iraki, a Senior Lecturer at the University of Nairobi, focusing on – among other things, Managerial Economics.

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