Ivory Coast issues $274 mln in domestic bonds

PUBLISHED: Tue, 22 Jun 2021 12:14:04 GMT

ABIDJAN, June 22 (Reuters) – Ivory Coast has issued 150 billion CFA francs ($273.69 million) in domestic bonds in an auction running until June 28, a lead manager of the sale at NSIA bank told Reuters on Tuesday.

The auction opened on June 15 and includes 130 billion CFA francs of seven-year bonds at a rate of 5.80% and 20 billion CFA francs of 10-year bonds at 5.90%.

The bonds are being sold in units of 10,000 CFA francs across West Africa’s currency zone and will be listed on the West African bourse. ($1 = 548.0600 CFA francs) (Reporting by Loucoumane Coulibaly Writing by Alessandra Prentice)

(c) Copyright Thomson Reuters 2021. Click For Restrictions – https://agency.reuters.com/en/copyright.html

Sign Up for Our Newsletter Daily Update

Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.