Benin Aims for $750 Million in Dollar Bond Sale to Fund Budget

Benin is looking to raise $750 million through its sale of dollar bonds, according to people familiar with the deal, matching the amount it raised last year as it becomes the first African borrower to tap international debt markets in 2025.

Government officials told investors during in-person meetings in London that net financing is aimed to boost the budget, sources familiar with the matter said, asking not to be named because the meetings were private.