Nigeria
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Observers had tipped the pair to issue Eurobonds this year, but yields are too high -
The market has expected a new bond from Nigeria all year, but yields are high
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Many of the region’s states that have market access feel little need to issue new bonds
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Eager investors appear willing to ignore hawkish signs with more borrowers likely to contemplate bonds
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Analysts say the short-term risk of Nigeria falling into debt distress is low
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Africa sovereign spreads hit hard despite oil price surge
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Angola offered less premium to investors than Nigeria did last month
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African sovereign was one of two issuers to revive CEEMEA bond supply following the invasion of Ukraine
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Bankers had suggested any dovish tilt from the Fed would lead to new EM issues
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Nigerian state-owned bank took more than €1bn of orders on maiden visit to bond market
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Nigerian debutant takes rare euro path as EM primary market brightens
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State-owned Nigerian issuer takes less travelled route in first visit to bond market
