Africa on course for growing debt issuance: Megan McDonald, Global Head of Debt Primary Markets, Standard Bank

Governments and companies in Africa are on course to continue the trend of growing debt issuance this year as investors across the world continue to purchase high yield assets amidst continued low interest rates and mounting concern that a global economic slowdown could cause volatility in equity markets, according to Standard Bank.

“The Sub-Saharan African Eurobond market has grown at a compound annual growth rate of 34% over the last five years compared to wider emerging market sector growth of 21%,” says Megan McDonald, global head of debt primary markets at Standard Bank. “That trend looks set to continue well into next year in what remains a very exciting time for the African debt capital markets.”

Read more: Africa on course for growing debt issuance says Standard Bank – FTSE Global Markets.