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Ivory Coast breaks new ground with ¥50bn Samurai bond

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Brandon Orion Mensah

Brandon Mensah tracks Africa’s markets, uncovering the forces shaping investment, policy, and financial trends.
  • First sub-Saharan African nation to tap Japan’s debt market
  • Move broadens investor base amid rising financing needs

ABIDJAN, IVORY COAST – Ivory Coast has become the first sub-Saharan African country to issue a Samurai bond, raising ¥50 billion (approximately €300 million) as it seeks to ease fiscal pressures and diversify its funding sources. The yen-denominated paper, priced at a 2.3% fixed rate over 10 years, was announced on Wednesday by the finance ministry.

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