Africa's Eurobond Love Fest Set to Continue as Issuers Line Up
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Africa’s strong start to the year in the Eurobond market shows little sign of abating.
On Tuesday, Senegal became the continent’s fourth sovereign in succession to attract $10 billion or more of orders when it sold $2.2 billion of euro- and dollar-denominated securities. The West African nation followed Egypt, Nigeria and Kenya, each of which saw investors clamoring to participate in their deals.