Ivory Coast issues debut Samurai bond in diversification push

Ivory Coast issues debut Samurai bond in diversification push

Ivory Coast has raised 50-billion Japanese yen (R5.99bn) in an ESG-certified sovereign Samurai bond, it said late on Thursday, the first such issuance by a sub-Saharan African nation.

Ivory Cost Issues $336MN Samurai Bond

Côte d’Ivoire has made history by becoming the first sub-Saharan African country to issue its first-ever Samurai Bond, raising $336 million. The 10-year note rated at 2.3 percent made a historical entry into Japan’s capital markets, according to its Ministry of Finance. The yen-denominated bond—listed on the Tokyo Stock Exchange— was partially guaranteed by the … The post Côte d’Ivoire Issues $336 Million Samurai Bond, First in Sub Sharan Africa…