08 OCT - 22 OCT

Zambian Business Times - - BUSINESS REVIEW -

PAGE 8

17 of the 20 African is­suers saw the prices paid for their eu­robonds im­prove in Q3. Only Zam­bia and Repub­lic of Congo saw prices con­tinue to de­te­ri­o­rate ( Tu­nisia's yields re­mained flat). There is cur­rently more dif­fer­en­ti­a­tion be­tween African coun­tries’ eu­robonds than in 2017 (when spreads com­pressed, as new funds flowed into emerg­ing mar­ket bond funds).

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