Ivory Coast issued a 7-year bond for approximately $255 million on the market of the West African Economic and Monetary Union (WAEMU) on Sept. 8.
“The government's objective is to finance large-scale infrastructure investments,” Treasury Director Adama Kone said.
The bond has a coupon of 5.85 percent and will be sold in units of 10,000 CFA francs through Sept. 30 to investors across the region's eight-nation CFA franc currency zone.
Ivory Coast has raised over $226 million in May through its latest bond offering on the sub-regional market.
Approximately 90 percent came from Moroccan operators Actibourse, African Stock Exchange and Atlantic Finance.
More Stories
- President Boakai Nominates Additional Officials To Government
- Brazil Joins Lusophone Compact to Boost Private Sector in African Portuguese-Speaking Countries
- Research Project Update: 'Mapping the Information Landscapes of St Helena'
- St Helena Utilities Regulatory Authority Consults on New Tariff Proposals
- FIRSTBANK BOARD APPOINTS ALEBIOSU ACTING CEO, AS ADEDUNTAN RETIRES
- African Business Founders To Take Center Stage at AHC Soirée in Johannesburg
- St Helena Launches New Investor Prospectus at Tourism Investment Forum Africa
- President Boakai Hosts Brainstorming Retreat with the Rescue Legislative Caucus of the House of Representatives
- President Adama Barrow Encourages Graduates to be Change Agents Through Education and Training
- ECOWAS Highlights Achievements in Humanitarian Field and Youth Development