Congo Eurobonds Hold Above 100 Cents as 2037 Notes Yield 9.07% Amid Ebola

1 articles · Updated · Bloomberg · Jun 4

Congo’s dollar bonds due 2032 and 2037 ranked among Wednesday’s best-performing emerging-market notes, staying above 100 cents on the dollar despite the Ebola outbreak.
Yields of 8.3% on the 2032s and 9.07% on the 2037s kept the debt attractive as investors searched for scarce high-return opportunities.
The bonds also drew support from the Democratic Republic of Congo’s exposure to metals tied to the artificial-intelligence boom, reinforcing demand even as authorities worked to contain the virus.