Many sub-Saharan African countries have undergone substantial transformations with respect to the type of finance they have been attracting over the past decade. Private flows are becoming more important while the importance of public flows is diminishing, particularly for the middle-income countries in the region. A crucial characteristic of the changing flows to the region is the growing importance of sovereign bonds issued in foreign currency, so-called Eurobonds. Although this form of financing is a form of debt issuance, investors rarely apply principles for responsible lending when making such investments. […]