Ivorian bond harvests more than €184 million

Jul 09, 2013

The last Ivorian bond has exceeded the government's expectations, generating about Fcfa121 billion (€ 184.2 million), while the Treasury was originally seeking to raise Fcfa93 billion.

The last Ivorian bond has exceeded
the
government's expectations, generating about Fcfa121 billion (€ 184.2 million), while the Treasury was originally seeking to raise Fcfa93 billion.

The 2013-2016 TPCi operation, launched on May 30th, reached a subscription rate of 129.98 per cent, reflecting investors' strong confidence in the country's economy.

This fourth sovereign bond in local currency under the mandate of Alassan Ouattara attracted investors from the WAEMU and CEMAC regions as well as Canada, Hong Kong and France.

The funds will be used to finance a portion of the domestic debt as well as major investment work under the 2013 state budget.

This loan is part of a broader program of fifteen lines of government securities in 2013. Treasury bills and bond auctions have helped raise Fcfa264 billion, while only Fcfa200 billion were originally sought.ADNFCR-2976-ID-801609633-ADNFCR