Côte d’Ivoire issued a FCfa 150 billion bond on the West African Economic and Monetary Union (UEMOA) market with a 5.85% coupon, to finance large scale investments in infrastructure, announced the Treasury Director, Adama Koné (photo), on 8^th September.

The bond will have a tenor of 7 years. It will be offered in units of FCfa 10,000 each to investors from the eight member-countries of the UEMOA zone until 30^th September, according to Mr. Koné.

Côte d’Ivoire, which has registered high growth since the end of the civil war in 2011, has raised in February USD 1 billion on the international markets through a Eurobond with a 12 years maturity. The order book for this Eurobond had then gone over USD 4 billion.