The price of Ivory Coast's $2.3 billion bond due 2032 dived to a record low on Tuesday after investors said the West African country had defaulted by missing a January 31 coupon payment deadline. The world's top cocoa grower, gripped by a post-election power struggle that has triggered lethal street violence and is paralysing the economy, already missed an end-of-2010 deadline for the $29 million payment but had a one-month grace period.
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