Cote d'Ivoire

Eurobond oversubscription eases pressure on Côte d’Ivoire, with continental impact

Issue 499 - 03 Feb 2024 - By Jon Marks | 5 minute read

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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