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Financial market: Côte d'Ivoire begins the process of issuing its first Eurobonds

23/01/2024
Source : ORISHAS FINANCE
Categories: Index/Markets

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Côte d'Ivoire has begun the process of issuing its first Eurobonds, since February 2021 in. He commissioned six international banks to manage this operation

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Ivory Coast has chosen BNP Paribas, Citigroup, Deutsche Bank AG, JPMorgan Chase & Co, Deutsche Bank AG, JPMorgan Chase & Co, Société Générale and Co., Société Générale and Standard Chartered Plc as joint leaders to organize a marketing day, including a call to investors, on Monday 22 January 2024. This West African country also plans to launch a tender offer on its outstanding bonds denominated in euros that will mature in 2025, and another takeover bid capped at $300 million on its progressive-rate eurobonds that are expected to mature in 2032. The launch of these tender offers is subject to the success of the new Eurobond issue

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For Côte d'Ivoire, the new issue comes in a context of structural reforms initiated after a 3.5 billion dollar financial program signed in 2023 with the International Monetary Fund (IMF).

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