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Eurobond: Ivory Coast successfully borrowed 1,050 billion FCFA francs

27/03/2025
Source : ORISHAS FINANCE
Categories: Economy/Forex Index/Markets

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The Ivorian Ministry of Finance and Budget announced on Wednesday, March 26, 2025 that the Côte d'Ivoire has managed to borrow 1,050 billion FCFA (or 1.75 billion dollars) from international investors thanks to a Eurobond issue

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The transaction was concluded in Paris by the Minister of Finance, Adama Coulibaly, in a context where markets remain unstable. Ce nouvel emprunt was realized at an interest rate of 6.45%, slightly lower than that of the previous issue in January 2024 (6.60%). According to the ministry, this means that Côte d'Ivoire is increasingly trusted by investors. It emprunt, qui sera remboursé en 2036, attracted a large number of investors, with offers totaling more than 3,120 billion CFA francs (5.2 billion dollars), or three times more than the amount sought. Côte d'Ivoire took advantage of this issue to partially repay two old loans, including 180 billion FCFA (300 million dollars) on a loan due 2028 and 240 billion FCFA (400 million dollars) on a loan due in 2028 and 240 billion FCFA (400 million dollars) on another one scheduled for 2032.

This strategy aims to gradually reduce the debt burden and maintain a stable financial situation.
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