Ivory Coast Attracts  $10b in Eurobond Bids
Ivory Coast Attracts  $10b in Eurobond Bids

Ivory Coast Attracts $10b in Eurobond Bids

Ivory Coast Attracts $10b in Eurobond Bids

Ivory Coast attracted almost $10 billion in bids for its Eurobond auction in a sale that came less than a month after a four-day mutiny by soldiers, according to a person familiar with the matter. The West African nation received about $4.8 billion in orders for the dollar portion of its debt sale and a further €4.4 billion ($4.9 billion) for the second tranche by the time book-runners announced final pricing terms, said the person, who asked not to be identified because a public announcement hasn’t been made. Ivory Coast issued $1.25 billion of 16-year bonds with a 6.25% rate and €625 million of eight-year notes yielding 5.125%, Bloomberg reported. Ivory Coast proceeded with the bond sale even after the government of President Alassane Ouattara bowed to mutinous soldiers’ demands over bonuses, underscoring the political fragility of a country that defaulted as recently as 2011 during a conflict that was sparked by an election dispute. BNP Paribas SA, Deutsche Bank AG, JPMorgan Chase & Co., Natixis SA and Standard Chartered Plc arranged Ivory Coast’s deal.

Short URL : https://goo.gl/WPb1gJ
  1. https://goo.gl/BFf57Z
  • https://goo.gl/xum377
  • https://goo.gl/anFfS7
  • https://goo.gl/XcfByU
  • https://goo.gl/TdgjXq

You can also read ...

According to the new regulations, Cubans will be able to hold only one business license.
The Cuban government has said it wants more foreign investment...
The lira has lost around 45% of its value against the US currency this year, largely over worries about Erdogan’s influence over the economy
Turkey’s central bank on Monday announced it was ready to take...
Trump’s No-Win Trade War
President Donald Trump’s trade war may be fated to fail, for...
World Stocks, Currencies Plummet
World markets shuddered on Monday, as Turkey’s worsening...
Amado Boudou (R) attends his trial on corruption charges  in Buenos Aires on August 7.
Records kept in notebooks of the kinds used by schoolchildren...
China Printing Foreign Money
China is printing more foreign money as it seeks to expand its...
(P)GCC Banks  Face Business Risks
A number of (Persian) Gulf Cooperation Council banks that have...
Singapore Warns Trade Tensions May Lower H2 Growth
Singapore authorities warned of slower economic growth in the...

Add new comment

Read our comment policy before posting your viewpoints