Eurobond financing is booming, even in the least developed emerging markets. African sovereigns issued $26bn on the market last year alone. You would be hard-pressed, however, to find out how the money was used.
In many Eurobond prospectuses, you will find that the “Use of Proceeds” section con
```
Members Only
Login or create an account to continue
This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.
New to BusinessDay? Register now and start reading.
```
