African sovereigns line up after slow start

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By Lewis McLellan
13 Mar 2019

The Republic of Ghana has picked banks for a bond deal and tender offer, preparing to become sub-Saharan Africa’s first sovereign issuer of the year. Benin is also believed to be eyeing a debut in the international bond market.

The last deal from a sub-Saharan African borrower came from Nigeria in November 2018. Benin, a country in West Africa, is believed to be planning a debut in the bond market, according to an emerging markets investor.

The borrower received a B rating with a positive ...

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