AGR Africa Bond Index (AGR ABI), which in Africa follows the sovereign debt in Africa to increase 4.1 %and reach 85.6 points in July at the end of the second half of 2024 2024 according to Attijari Global Research (AGR).
This growth will be associated with an increase of 8.1 % of the total outstanding total fabrics with 79.2 billion US dollars with a constant number of 70 bond lines.
It is known that AGR mentions the withdrawal of two Egyptian lines with a residue of less than six months and the integration of two new Eurobond programs from South Africa and Nigeria.
The index mainly consists of five countries: Nigeria, Kenya, Egypt, South Africa and Morocco, each corresponding to around 20 % of the total capitalization. The bonds that represent B and B- 60 % of the index, while 66 % of the deposits have a ripe of more than five years.
