- 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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