African sovereign
bonds
According to Bank of America Merrill Lynch indexes
Senegalese debt returned 9% (Bloomberg-Jan 14, 2014).It is
the best among benchmark Sub-Saharan African Eurobonds. This success is an
important sign of debt market positive growth in Sub Sahara Africa. We should
expect more sovereign debt issuance in this region. This year 8 nations of West African franc zone are planning to issue $6.2 billion of debt
(Up by 31%) (Reuters, Jan 7th 2014). Senegal is one of the few rated country in Sub Sahara Africa and
member of the CFA zone backed by France. The economy of Senegal is expected to
grow from 4% to 4.6% in 2014 according to the World Bank.
