Sovereign bond issues: Do African countries pay more to borrow?☆
There is a new wave of external borrowing by African governments on private sovereign bond markets. The findings in this paper indicate that African economies pay higher-than-normal coupon rates on these markets; observed risk measures like agency ratings and debt to GDP ratios do not explain the de...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Atlantis Press
2015-11-01
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| Series: | Journal of African Trade |
| Subjects: | |
| Online Access: | https://www.atlantis-press.com/article/125905669/view |