Africa Sovereign Bond

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.

What You Should Know

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.

Fund Pricing

  • Pricing date: 11 Jun 2021
  • NAV price per unit: R TBA
  • Reference price: R TBA (Based on index value)

Fund fees

  • Management fee: 0.50% per annum.
  • Custody fee: 0.15% per annum.
  • Total chargers :0.65% per annum.
  • The fund re-balances semi-annualy.

What You Are Buying

The portfolio consists of Eurobonds traded and cleared on the London and Luxemburg Stock exchanges and issued by Egypt, Ghana, Kenya, Morocco, Namibia, Nigeria, and South Africa (“Portfolio countries”).

An investor can partake in the listing by Subscribing during the Closed period ahead of the Initial Public Listing by engaging with their broker

Fund Information

Fund objective

To closely track the performance of the S&P Africa Sovereign Bond Select Index, by investing in high yielding bonds of countries represented by the index.

Mission

To create the best African investment products.

When you buy

Investors will need a brokerage/custody account to trade the Cloud Atlas S&P African Sovereign Bond ETF, as it listed on the stock exchange. It is advisable for investors to invest a minimum of ZAR 15,000 ($1,000). Cloud Atlas will market make in the secondary market by showing the ETF trading prices that are close to the live Net Asset Value of the ETF units through out the day, from time to time an investor can contact trading@cloudatlasinvesting.com or client@cloudatlasinvesting.com to complete/match an order.

Downloadable Resources

MDD/Fund Factsheet

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Distribution Announcements

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Annual Financial Statements

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Cloud Atlas Investing (Cloud Atlas RF (Pty) Ltd) is a registered manager of the Cloud Atlas Scheme, a Collective Investment Scheme approved by the Financial Services board. Under the Scheme Cloud Atlas Investing is an authorised Exchange Trade Fund Issuer by the Johannesburg Stock Exchange.