Ivory Coast $1.75 Billion Eurobond Draws More Than Double Demand
Ivory Coast is preparing for presidential elections in October at which President Alassane Ouattara has signaled he will seek a fourth term.
Photographer: Valeria Mongelli/BloombergThis article is for subscribers only.
Demand for Ivory Coast’s $1.75 billion eurobond was more than double, according to a person familiar with the deal, in good news for the West African nation as it seeks more funding.
The order book for the eurobond sold on Tuesday was more than $4.1 billion, according to the person, who asked not to be identified in order to discuss confidential details. The notes due 2036 were issued to yield 8.45%, the person said.