Ivory Coast to begin Eurobond roadshow in London

Ivory Coast will hold a roadshow in London for what would be the West African nation's fourth Eurobond in five years, Finance Minister Adama Kone told Reuters on Wednesday. A wave of African countries, including Kenya, Nigeria and Senegal, have tapped international debt markets in recent weeks. Others, such as Ivory Coast and Ghana, are weighing issuances amid expectations of a Federal Reserve interest rate increase.
"We are leaving this evening ... We start with London," Kone said on the sidelines of a cabinet meeting in the country's commercial capital, Abidjan. A second official, who asked not to be named because he was not authorised to speak to journalists, said the Ivorian delegation planned to travel to London, New York, Boston, Frankfurt and Paris between March 7 and 17. Kone declined to reveal the amount targeted by the Ivorians, saying that it would depend on feedback from the roadshow.