Africa issuers miss out on EM bond resurgence

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By Ross Lancaster
27 Jul 2020

Emerging market bond issuance has staged a rapid and forceful comeback after the pummeling it took in March, but issuance from Sub-Saharan Africa has been noticeably absent. Bankers are now debating whether the fourth quarter will see supply from the region.

While CEE, Gulf and Latin America issuance has recovered to power emerging market bond supply to record levels this year, Sub-Saharan African supply has been non-existent.

Many of the region’s countries’ economic fortunes are closely linked to the price of oil, which suffered extreme drops in March. Policy ...

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