Africa Bonds
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Falling oil prices and lower production are hurting Angola's weak public finances -
The government is struggling to bring in reforms to fix Kenya's fiscal problem
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Sukuk from Egypt, priced on Tuesday, have proved just as popular in the secondary market as it was in syndication
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African sovereign 'always' finds big demand, said one observer
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Yields are far, far lower than when Egypt last printed in the format
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There is no sign of investor appetite for new CEEMEA bonds slowing down
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Very little high-quality corporate issuance from South Africa has been available to investors
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Heavy issuance likely for much of September
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The government has enacted impressive reforms since 2023, but revenue collection is still weak
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Hunt is on for ready issuers after bond prices recover
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Senegal bonds are trading at distressed levels and there is a risk of restructuring
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Big hitters may have come to market but volumes are down
