Ivory Coast Raises $315 Million in Regional Bond Market
Written by Aziz El Yaakoubi | From Reuters
Ivory Coast raised 150 billion CFA francs ($315.83 million) in the regional market and hired banks for a $500 million Eurobond issue, Morocco’s BMCE Bank , one of the banks hired to manage the deals, said on Monday.
BMCE Bank said its African subsidiary, Bank Of Africa, is one of the lenders hired by the government to issue $500 million Eurobond in 2014.
The 150 billion CFA francs seven-year bond with a 6.5 percent coupon was fully subscribed within 48 hours by investors from Benin, Burkina Faso, Ivory Coast and others, the statement said.
Read more at Reuters