Africa's Eurobond love fest set to continue as issuers line up

Traffic flow along the recently constructed Southern bypass road near the Nairobi national park in Nairobi, Kenya February 1, 2018. REUTERS/Thomas Mukoya

Africa’s strong start to the year in the Eurobond market shows little sign of abating.

Recently, Senegal became the continent’s fourth sovereign in succession to attract $10 billion (Sh1trillion) or more of orders when it sold $2.2 billion (Sh202 billion of euro- and dollar-denominated securities.