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Ivory Coast leads Africa return to bond market

  • Ivory Coast set to issue the first Eurobond in sub-Saharan Africa following atwo-year pause in the market as the Fed hiked rates
  • The bond issuance signals strong investor confidence in Ivory Coast’s economy, with expectations for robust growth in 2024.

 

Ivory Coast is ready to issue its first Eurobond after a nearly two-year break in regional market activity, said President Alassane Ouattara in Abidjan on Monday. This initiativesignifies Ivory Coast’s re-entry into international capital markets and represents a robust endorsement from global investors in the West African nation’s economy.

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