Ivory Coast has launched a major bond issuance operation never before carried out in UEMOA. The issue, which took place from February 19 to March 4, was open to all investors and included a securities exchange mechanism. Selo Overall, demand has exceeded all expectations, confirming the success of this proactive debt management initiative.

The market responded enthusiastically to the sovereign exchange transaction initiated by the Ivorian State, showing solid confidence among investors in the quality of the country's signature. Côte d'Ivoire offered the possibility for holders of bonds maturing between February 28 and June 30, 2025 to exchange their securities for new bonds with longer maturities. The initial objective was to mobilize 400 billion CFA francs through two installments. The first, called “TPCI 5.90% 2025-2030", offered a nominal rate of 5.90% over five years and aimed at an amount of 240 billion CFA

The second, “TPCI 6% 2025-2032", proposed a nominal rate of 6% over seven years, with a target of 160 billion FCFA. At the end of the operation, the Ivorian State managed to raise more than 450 billion CFA francs, greatly exceeding its expectations. In reality, this result makes it the largest bond issue ever issued on the UEMOA regional financial market, and confirms the role of Côte d'Ivoire as a precursor in the dynamization of the