The State of Côte d'Ivoire via its public treasury will proceed on December 28, 2020 to the payment of the half-yearly margin and the last repayment of the capital of its Islamic loan called Sukuk State  of Côte d'Ivoire  5.75% 2015-2020 for a total amount net of tax of 15.438 billion FCFA (23.157 million EUR).
The Ivorian government authorities had raised, during the period from November 20 to December 21, 2015, on the financial market of the West African Monetary Union (WAMU) by public offering an amount of 150 billion FCFA   backed by assets compatible with the principles of Islamic finance.

The Sukuk asset is composed of the usufruct on two real estate  complexes that are the CCIA  tower  and the Administrative City. The CCIA tower  " is located in Abidjan Plateau on a plot of land with a total capacity of 10,000 square meters. It is composed of three basements for various uses of parking, shops, archives, technical rooms and other reserves, a  ground floor has various uses of cafeteria, cloakroom, kitchen, offices, technical rooms, auditorium  and  29 common floors used mainly for offices.

 
The Administrative City is a land of total capacity with a boundary of 76,555 square meters and constructions on five  blocks respectively of 20 (Tower A and B), 24 (Tower C and E) and 30 (Tower D) floors.

Following the due diligence carried out by the Statutory Auditor of the common fund for the securitization of receivables (FCTC), the value of the Sukuk Asset was estimated at 302 billion  FCFA (204 billion for the Administrative City and 98 billion for the CCIA tower).

The operation had been carried out in collaboration with the Islamic Society for private sector development (ISD) in its capacity as lead arranger. It was a great success with 15 million shares subscribed by institutions, companies and individuals.

The amount raised was intended to finance economic and social development projects in Côte d'Ivoire.

 
The price of an Islamic bond was set at 10,000 FCFA with a date of enjoyment of the securities set for December 28, 2015.

The annual profit margin, which replaces the classic interest prohibited by Sharia law, was set  at 5.75% and payable semi-annually. The issuer has so far met all of its commitments to investors.