Ivory Coast Reveals Plans To Issue $120m 3-Year Bond

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VENTURES AFRICA – Ivory Coast has revealed plans to issue a 60 billion CFA franc three-year bond with a 6.0 percent coupon to raise funds for infrastructure projects.

 

Reuters reports indicate that the bond, which will be listed on the West African bourse, will be marketed to investors across the region’s CFA currency zone from April 23 to May 22. It will be sold in units of 10,000 CFA, said an official of SOGEBOURSE, the investment banking arm of bank SocGen.

 

According to an official, who pleaded anonymity, the funds will be used to rebuild the Ivorian economy, notably infrastructure projects

 

 

 

 

 

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