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Financial market: Côte d'Ivoire completed its November bond loan in a few hours with Africabourse

29/11/2021
Categories: Index/Markets

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Côte d'Ivoire carried out through its Public Treasury a bond issue of 150,000,000,000 FCFA over the period from November 4 to 5, 2021. With a remuneration of 5.90% per year and a maturity of 10 years , this issue involved 15,000,000 securities with a nominal value of 10,000 FCFA each.

The purpose of this loan was to finance the investments provided for in the State budget for the year 2021. It was made possible with an investment syndicate restricted to six SGIs (Societe Generale Capital Securities West Africa as lead manager and Africabourse, Atlantique Finance, Bridge Securities, Phoenix Capital Management, United Capital for Africa as Co-lead managers). Thus, four clock hours on the morning of its launch, November 4, 2021, were enough to complete the mobilization effort and lead to the closing of the loan with in particular a participation of 20 billion FCFA from the SGI Africabourse.

Africabourse provides comprehensive technical support to companies, States and institutions, in the context of restructuring and fundraising operations on the capital market (by issuing treasury bills, bonds by private or public appeal to the savings and IPO).

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