A total of 8 African countries have issued the sum of $15.7B in Eurobonds in thirteen months (Jan '24 - Jan '25)
Key takeaways:
African countries issued a total of $15.7 billion in Eurobonds, demonstrating continued reliance on external debt markets.
While the first ten months totaled $6.2 billion, November and December alone added $7.5 billion, marking a sharp increase.
The total issuance jumped from $6.2 billion in October to $10 billion in November and then $13.7 billion in December, showing a drastic shift in borrowing.
Eight African countries drove this activity, as the borrowing is concentrated among key economies.
African countries have been actively engaging in the Eurobond market, raising a total of $15.7 billion from January 2024 to January 2025. The cumulative issuance trend highlights a rise in borrowing, with significant jumps in the final months of 2024. November and December witnessed a sharp increase, reaching $10 billion and $13.7 billion, respectively, before peaking at $15.7 billion in January 2025. This trend suggests that many African economies are turning to international debt markets to finance economic growth, refinance existing debt, and address fiscal challenges.
