Côte d’Ivoire is preparing to apply again to the international market to replenish its coffers as part of its 2018 budget. According to the Bloomberg agency which gives the information, it is 1,2 billion dollars of Eurobonds that the country intends to present to international investors this year.
Abidjan, which has set a target of 1 310 billion FCFA, 1,99 billion euros, to mobilize on the financial market this year will launch its fourth Eurobond hoping to generate the same craze as last year.
For its third Eurobond launched last June, the country had raised securities in dollars (1,250 billion on 15 years at the rate of 6,25%) and in euros (625 million euros on 8 years at the rate of 5,125%). An operation that will be renewed with more this time securities denominated in CFA Francs, reveals Bloomberg.
In preparation for the operation, a roadshow is planned to be held before the end of March.
