March 4, 2019 / 11:52 AM / 18 days ago

Ivory Coast issues 2 bonds worth 125 bln CFA franc ($217 mln) in debt

ABIDJAN, March 4 (Reuters) - Ivory Coast has issued a 75 billion CFA franc ($130 million) seven-year bond with a 5.75 percent coupon and a 50 billion CFA franc ($87 million) ten-year bond with a 6 percent coupon, one of the lead managers of the operation told Reuters on Monday.

The two bonds will be sold from Feb. 25 to March 15. in units of 10,000 CFA francs to investors across the region’s eight-nation CFA franc currency zone.

$1 = 574.2200 CFA francs Reporting by Loucoumane Coulibaly; Editing by Juliette Jabkhiro and Toby Chopra

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