Yesterday March 15, Cote d’Ivoire made a noticeable return on the international financial market by issuing a record €1.7 billion securities on Eurobond.

This is the biggest Eurobond issuance ever made by an African country, Bloomberg revealed. It is also the second-largest euro-denominated debt obligation issued by an emerging country this year; Romania being the first with its operation on February 1, 2018.

 According to figures relayed by Reuters, this new issuance was very attractive to investors and the order portfolio has already exceeded €4.7 billion.  To supervise the operation, Côte d’Ivoire mandated  Citibank, Deutsche Bank, BNP Paribas and Société Générale.

 Let’s remind that IMF indicated that the public debt of this country which is WAEMU’s economic driver reached 46% of GDP.