Author profile

Gregory Smith

Emerging Markets Strategist

Years in the bond markets: 17

Specialist subjects: Sovereign debt, emerging markets

Likes: Africa travel, cycling

Heroes: Arthur Lewis, Joseph Stiglitz, Peter Sagan

Can Africa’s wall of eurobond repayments be dismantled?

There has been a wave of African eurobond issuance over the past decade. South Africa started the eurobond  trend for the continent in 1995, but it has only been since the global financial crisis that push and pull factors have encouraged broader African issuance.

The asset class has grown to 21 African countries with outstanding sovereign eurobonds, totalling $115 billion. This follows a …

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