World Bank flags ~$6.4bn Eurobond principal for both Ghana and Nigeria, raising rollover risk

On Oct. 6, 2026 the World Bank’s October 2026 Africa Economic Update flagged roughly US$6.4 billion of sovereign Eurobond principal falling due for each of Ghana and Nigeria during 2024–2030, identifying concentrated maturities that raise near‑term rollover risk and could compress sovereign and corporate issuance windows.

Concentrated principal maturities in the same near‑term window increase refinancing risk: sovereigns may need to refinance rather than repay, which can compress windows for new issuance and push governments to accept higher coupons or shorter tenors. That raises future debt‑service costs and can crowd out borrowing for budgets, potentially putting upward pressure on USD sovereign spreads even if driven largely by higher US Treasury yields.

Monitor sovereign liability‑management operations and 2027–2029 Eurobond redemption schedule for Ghana and Nigeria, plus any announced debt exchanges or buybacks.