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Ivory Coast raises $260m in first post-Eurobond local sale

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Brandon Orion Mensah

Brandon Mensah tracks Africa’s markets, uncovering the forces shaping investment, policy, and financial trends.
  • Over 75% of funds raised came from a 7-year bond at sub-7% yield
  • Total regional debt issuance this year tops $2.8bn

Ivory Coast raised nearly XOF 154 billion ($259.6 million) Tuesday in its first domestic debt auction since launching its $1.75 billion Eurobond and a landmark XOF 220 billion FCFA-denominated international bond with a three-year maturity, placed primarily with European investors.

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