Ivory Coast Bonds Gain as Ouattara Poll Win Assures Investors
Ivory Coast President Alassane Ouattara arrives at the Ebimpe Olympic Stadium for a meeting in Abidjan on June 22.
Photographer: Sia Kambou/AFP/Getty ImagesIvory Coast dollar bonds gained on optimism President Alassane Ouattara will continue to deliver business-friendly policies in the world’s top cocoa producer after winning Saturday’s elections.
The country’s eurobond due 2033 with a 7.625% coupon rose 0.18 cent to 106.21 cents on the dollar at 1:40 p.m. in London, a new record high on a closing basis. Notes due 2036 advanced a seventh day by 0.13 cent to 106 cents on the dollar.