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Public debt market: the BCP group raises €300 million in favour of the State of Côte d'Ivoire

14/11/2019
Source : news.abidjan.net
Categories: General Information

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On Wednesday 13 November, the Banque Centrale Populaire (BCP) group and the State of Côte d'Ivoire signed a memorandum of understanding on an advisory mission to optimize public debt management and raise a bond of approximately €300 million.

The agreement between the two Parties was signed by Mr. Adama COoulibaly, Minister of Economy and Finance of the Republic of Côte d'Ivoire, and by Mr. Kamal MOKDAD, Director General of BCP and International.

The latter expressed his joy at implementing this agreement with the Ivorian government. "We are very pleased to formalize today an agreement of strategic scope for Côte d'Ivoire on its debt market. This mandate, which reinforces a historic and lasting partnership, will benefit from the banque Centrale Populaire group's international expertise in fundraising, and in particular through mechanisms to capture new categories of investors," said Kamal Mokdad.

This fundraising, which is part of the 2025 strategic vision of the Ivorian public debt market, will be led by the Upline Corporate Finance consortium and Atlantique Finance, investment banks of the BCP group in Morocco and Côte d'Ivoire respectively.

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