EasyETFs S&P Sovereign Africa Bond ETF

The Cloud Atlas Africa Sovereign Bond foffers investors access to listed Eurobonds that track high-yielding, long-dated debt issued by African Sovereign countries. The offering is via a primary JSE listed ETF with planned secondary listings on other exchanges. The portfolio consists of Eurobonds traded and cleared on the London and Luxemburg Stock exchanges.

Staying true to our vision of creating the best African investment products we have, in conjunction with S&P Global, set-up the Cloud Atlas S&P African Sovereign Bond ETF which will be tracking Hard Currency Bonds (USD and EUR) issued by African countries offering long-term attractive yields.The offering is via a primary JSE listed ETF, with planned secondary listings on other Stock exchanges. The portfolio consists of African Sovereign Bonds traded and cleared on the London and Luxemburg Stock exchanges and issued by the Governments of Egypt, Ghana, Kenya, Morocco, Namibia, Nigeria, and South Africa.

The index is a sub-index of the S&P Africa Hard Currency Sovereign Bond Index with the goal of selecting tradable, high income securities. Constituents must have a maturity of at least one year from the rebalancing reference date and be rated B- or above from all of S&P Global Ratings (SPGR), Moody’s, and Fitch.The S&P Hard Currency African Sovereign Bond Select Index is comprised of bonds issued by African Sovereign Governments denominated in Euros, Japanese Yen, and U.S. Dollars from the African countries with a credit rating above B-, currently: Egypt, Ghana, Kenya, Morocco, Namibia, Nigeria, and South Africa.