ABIDJAN, Nov. 25 (Xinhua) -- Côte d'Ivoire has raised five billion euros on the European capital market after a call for Eurobond funds to finance its budget for the year, the Ivorian government said Wednesday.

"At the end of the operation, 211 investors have subscribed for more than five billion euros," said government spokesman Sidi Tiémoko Touré, at the end of a council of ministers.

According to Mr. Touré, "the government launched on Monday, November 23, an appeal for Eurobond funds for one billion euros as part of its strategy to mobilize resources of funds for the year".

"This demonstrates that Côte d'Ivoire inspires confidence," the government spokesman said.

As part of the 2021 budget adopted at 8,415.4 billion CFA francs (15.3 billion USD), the authorities had announced that they would mobilize 1,492 billion CFA francs (2.7 billion USD) on the financial markets, including 1,002 billion CFA francs (1.8 billion USD) on the market of the West African Economic and Monetary Union (WAEMU).

In 2018, to finance the state budget, the government raised 1.115 billion FCFA (1.7 billion euros) through the issuance of a two-tranche Eurobond on the international financial markets.