Côte d’Ivoire’s three times oversubscribed $2.6bn dollar Eurobond issue underlines President Alassane Dramane Ouattara’s reputation for prudent economic management – a status that will add to pressures from supporters for ‘ADO’ to stand for a controversial fourth term – and offers some hope for under-pressure African borrowers who could benefit from renewed access to international capital markets and the relatively attractive interest rates CdI has secured.
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