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Ivory Coast Bonds Rise as Gbagbo Considers Leaving Country

Ivory Coast’s defaulted dollar bonds rose to a four-month high as Laurent Gbagbo said he may leave the country after troops loyal to internationally recognized president-elect Alassane Ouattara surrounded his residence.

The West African nation’s 2032 bonds issued a year ago jumped 7.7 percent to 55.438 cents on the dollar, the highest since Dec. 2, according to data compiled by Bloomberg. The debt has rallied 14 percent in the past two days after Gbagbo troops surrendered. Fighting was reported around his residence today.