Will domestic cross-listing of Africa’s Eurobonds address funding challenges?

Misheck Mutize ()
Additional contact information
Misheck Mutize: African Union Support Program

Development Finance Agenda, 2023, vol. 8, issue 6, 12-13

Abstract: Eurobonds have been a financial instrument of choice for African governments that seek to borrow from international capital markets. By 2021, twenty-one African governments had issued a combined total of US$150 billion for infrastructure, technology, and skills development. As concerns about the long-term sustainability of Eurobond borrowing continue to rise, governments are now exploring alternatives to raise financing. Domestic cross-listing – also known as secondary listing – of Eurobonds is such option that a few governments have considered. This is not a new phenomenon as public and private institutions have, for decades, been cross-listing on the stock exchange platforms, which is viewed by investors as a significant milestone in the journey of institutional growth and development. There are questions on whether this will significantly contribute to solving African’s funding challenges.

Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
https://journals.co.za/doi/abs/10.10520/ejc-defa_v8_n6_a4 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:afj:journ4:v:8:y:2023:i:6:p:12-13

Access Statistics for this article

More articles in Development Finance Agenda from Chartered Institute of Development Finance Contact information at EDIRC.
Bibliographic data for series maintained by Kirk De Doncker ().