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Published on 11/24/2020 in the Prospect News Emerging Markets Daily.

Ivory Coast guides €1 billion of 10.2-year notes to 5¼% area yield

By Rebecca Melvin

New York, Nov. 24 – The Republic of Ivory Coast was pricing a benchmark of 10.2-year euro-denominated notes (expected ratings: Ba3//B+) early Tuesday.

Order books were in excess of €1.3 billion when guidance was released, at which time the sovereign said the deal size is anticipated to be €1 billion and pricing was tightened to the 5¼% area following initial talk in the area of 5½%.

BNP Paribas, JPMorgan and Standard Chartered Bank are bookrunners of the Rule 144A and Regulation S deal.


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