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Find all the economic and financial information on our Orishas Direct application to download on Play StoreAfin d' assurer un external financing: As yields approach the levels that previously blocked African debt sales, Benin is preparing to issue Eurobonds in the amount of 750 millions of dollars.
L'obligation could be sold at a price of around 8%, as Benin's 2038 dollar bonds recently traded at 8.76%. It should have a maturity of 16 years and a weighted average lifespan of 15 years. The sale comes in a context of strong bond issuance in emerging markets, with $26 billion sold worldwide in the first week of 2025. Thus, the Beninese government called on Citigroup Inc. , J.P. Morgan Chase & Co. et Société Générale SA to organize meetings with investors, virtually and in person & agrave; London. These meetings started on 8 January.
Benin's desire to access Eurobond markets reflects its urgent need for external financing in a context of political and economic uncertainty.
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