Ivory Coast issues bond for infrastructure investment

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.