Markets
Ivory Coast to issue 100bn CFA bond
ABIDJAN : Ivory Coast plans to issue a five-year, 100 billion CFA franc ($219 mln) bond at 6.5 percent, one of the banks
By
ABIDJAN: Ivory Coast plans to issue a five-year, 100 billion CFA franc ($219 mln) bond at 6.5 percent, one of the banks involved in the auction said on Monday.
The bond will be marketed to investors across the West Africa CFA currency zone from Aug. 29 to Sept. 12 and sold in units of 10,000 CFA, SOGEBOURSE, the investment banking arm of SGBCI said.
An official at SOGEBOURSE said the bond would be used to finance the relaunching of Ivory Coast's economy after over four months of post-election violence paralysed the world's top cocoa grower.
Copyright Reuters, 2011
More Stories
Comments
Comments are closed for this article.