- Government seeks to extend maturities on $1.26 billion in domestic debt
- Plan aims to smooth repayment obligations and preserve investment capacity
Abidjan, Côte d’Ivoire – Faced with mounting budgetary pressure, Côte d’Ivoire is considering rescheduling part of its domestic debt maturing in 2025, the Ministry of Finance and Budget confirmed on Tuesday.
Authorities will offer holders of 30 bonds—issued between 2015 and 2024—the opportunity to exchange their 2025 maturities for new bonds with five- and seven-year terms, carrying interest rates of 5.90% and 6%, respectively.
“This approach aims to transform a short-term repayment obligation into medium-term commitments, making it possible to smooth out payments and better manage the State’s financial flows,” officials said.
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