Characteristics of Africa sovereign bonds
| Variables | Mod | No const | PWC % | WAM years | S&P rating |
|---|---|---|---|---|---|
| Botswana | 6.02 | 07 | 6.77 | 8.9 | 70 (A–) |
| Egypt | 2.37 | 73 | 15.23 | 3.58 | 30 (BB) |
| Ghana | 1.84 | 45 | 19.26 | 3.39 | 23 (B–) |
| Kenya | 4.09 | 65 | 12.25 | 8.15 | 33 (B) |
| Morocco | 5.17 | 67 | 3.84 | 6.66 | 53 (BBB–) |
| Nigeria | 4.71 | 20 | 13.74 | 9.96 | 30 (B) |
| South Africa | 6.35 | 13 | 8.41 | 13.92 | 46 (BB) |
| Uganda | 3.07 | 27 | 14.16 | 5.75 | 31 (B) |
| Africa | 4.62 | 642 | 9.82 | 8.52 | – |
| Variables | Mod | No const | PWC % | WAM years | S&P rating |
|---|---|---|---|---|---|
| Botswana | 6.02 | 07 | 6.77 | 8.9 | 70 (A–) |
| Egypt | 2.37 | 73 | 15.23 | 3.58 | 30 (BB) |
| Ghana | 1.84 | 45 | 19.26 | 3.39 | 23 (B–) |
| Kenya | 4.09 | 65 | 12.25 | 8.15 | 33 (B) |
| Morocco | 5.17 | 67 | 3.84 | 6.66 | 53 (BBB–) |
| Nigeria | 4.71 | 20 | 13.74 | 9.96 | 30 (B) |
| South Africa | 6.35 | 13 | 8.41 | 13.92 | 46 (BB) |
| Uganda | 3.07 | 27 | 14.16 | 5.75 | 31 (B) |
| Africa | 4.62 | 642 | 9.82 | 8.52 | – |
Note(s): Mod is modified duration. No const is the number of constituents for market bond, and PWC is the par weighted coupon rate. WAM is the weighted average maturity, and Mkt. value is the market value of the sovereign bonds
Source(s): S&P sovereign bond index for various countries and regions
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