Africa Bonds
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Issuance volumes net positive for first time in years -
African governments will consider this weekend setting up mutual support mechanism
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Gabon now has three years to get its house in order
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The country can now repay bonds due in June
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The country has suffered liquidity problems
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Boad's hybrid has a maturity date, unlike those from AfDB and AFC
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Covered and corporate issuers almost wholly responsible for lower volumes
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The development bank had to pause plans for the original trade in 2022
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Three high yield trades on Tuesday drew healthy demand
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Not long ago five year bonds yielded over 20% and investors were worried about debt distress
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Market participants sceptical new Trump administration will take a gradual approach to tariffs
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High yield issuers may be worried about market access, but some do not see them losing it
