Ivory Coast Raises $1.3 Billion as African Issuers Tap Eurobonds
Delivery trucks, carrying cocoa beans, outside a facility in San-Pedro, Ivory Coast.
Photographer: Paul Ninson/BloombergIvory Coast raised $1.3 billion in eurobonds on Wednesday to help finance its budget, as African nations exploit lower borrowing costs and risk-on investor sentiment to tap markets.
The 14-year notes were issued to yield 7.125%, according to a person familiar with the transaction.