Ivory Coast to issue 5-year 40 bln CFA franc bond
Ivory Coast will issue a 40 billion CFA franc ($77 million) five-year bond with a 5.80 percent coupon on Oct. 15, a statement from the Treasury said on Wednesday.
The bond will be sold in units of 10,000 CFA francs to investors across the region's CFA franc currency zone via an auction organised by the Central Bank of West African States (BCEAO).
Reuters reports that Ivory Coast, the world's top cocoa producer and French-speaking West Africa's largest economy, launched a $750 million dollar Eurobond in July.
The bond will be sold in units of 10,000 CFA francs to investors across the region's CFA franc currency zone via an auction organised by the Central Bank of West African States (BCEAO).
Reuters reports that Ivory Coast, the world's top cocoa producer and French-speaking West Africa's largest economy, launched a $750 million dollar Eurobond in July.
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