Sovereign trio plan market return

摘要

The queue of African sovereigns planning Eurobonds is lengthening with three more expected in the coming weeks. kenya, angola and ivory coast have all mandated banks. They will follow deals priced last week by egypt and Nigeria, which both proved that markets remain open for big transactions with offerings of US$4bn and US$2.5bn, respectively, although they paid 20bp-plus new issue concessions.