African eurobonds: who is next in line?

Sub-Saharan African (SSA) eurobond markets hit the headlines in September when Zambia’s debut $750mn 10yr bond issue, which was 15 times oversubscribed, became the most successful ever in the region. Looking ahead, we think that there are opportunities for numerous other countries to launch debut eurobonds over the next two years. In this Africa Watch, we explain why countries might want to enter international bond markets, and which ones may be best placed to do so.