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Côte d’Ivoire Secures Record-Breaking $740M Bond on WAEMU Market

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Kingsley Kobo

Kingsley Kobo is an expert on Francophone West and Central Africa, with over 15 years' experience covering business, finance, politics, tech, and more across both regions.
  • Largest bond issue ever completed on the WAEMU regional debt market
  • Investors oversubscribe bond exchange transaction, surpassing initial targets

Abidjan, Côte d’Ivoire – Côte d’Ivoire has set a new benchmark on the West African Economic and Monetary Union (WAEMU) capital market, successfully completing the largest bond issue ever recorded in the region. The Ministry of Finance announced on Monday that the government raised more than 450 billion CFA francs ($740 million), surpassing initial expectations.

 

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