African Eurobond Sales See Strongest Start to Year Since 2013

Eurobond issuance from sub-Saharan African countries is off to the strongest start to a year in more than a decade, as nations take advantage of lower borrowing costs and demand from investors diversifying out of US assets.

Dollar-denominated sovereign bond sales across the region reached $5.95 billion so far this year, the most since 2013. In the same period last year issuance stood at $1.8 billion.