66151
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 ...

Members discuss policies, regulation and flexibility to  help improve infrastructure.
Experts from APEC member economies spoke about the need to...
South Korea Business Groups’ Investment Rises 28%
South Korea’s top 30 conglomerates increased their investment...
Romania leads the pack in economic growth. The picture shows tires being inspected during production  at the Continental plant in Timisoara.
Economies in most of the European Union’s eastern wing...
China Eyes SE Asia Investments
Companies from the world’s second-biggest economy are...
Project awards in Bahrain plunged 84%.
Contracts awarded to build economic projects in the Persian...
Infosys is Asia’s No.2 software services developer.
Infosys Ltd. approved a 130 billion rupees ($2 billion) share...
Australia Economy Grows  With Strong Jobs Report
The strength of the Australian economy has been impressive of...
Qatar Tells Banks to Seek Overseas Funding
Qatar is telling its banks to tap international investors to...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus