Côte d’Ivoire Issues First CFA Eurobond in Landmark Deal

• Local-currency bond raises $360m on international markets
• Foreign investors offered favourable terms over WAEMU buyers

Côte d’Ivoire has made history by issuing the first sovereign bond denominated in the West African CFA franc on international markets, raising 220 billion CFA francs (about $360 million), the government said. The issuance marks a breakthrough for African borrowers, enabling access to foreign capital without incurring currency mismatch risks.