LONDON, March 12 (Reuters) - Sovereign dollar-denominated
bonds issued by African oil exporters tumbled to record lows on
Thursday, with longer-dated Angolan and Nigerian bonds losing
around 10 cents after oil prices took another hammering from a
U.S. travel ban.
Angola's 2048 issue XS1819680528=TE dropped 10.95 cents in
the dollar to 61.25 cents, having nearly halved in price from
their mid-February peak when they traded at nearly 112 cents,
Tradeweb data showed.
Bonds issued by Africa's top oil exporter Nigeria maturing
in 2049 XS1910828182=TE tumbled 8.6 cents to 76.6 cents, a
sharp decline from the 117 cents in February.
Fellow crude producer Gabon also felt the pressure, with its
2024 dollar bonds XS1003557870=TE slipping nearly 8 cents to
81.05 cents.