By Christine Van Dusen
Atlanta, Feb. 25 – Ivory Coast released details on the $1 billion 6 3/8% notes due March 3, 2028 (B1//B) that priced on Tuesday.
The notes came to the market at 97.955 to yield 6 5/8%, or Treasuries plus 463.7 basis points.
The notes were talked at a yield in the 6 7/8% area.
BNP Paribas, Citigroup and Deutsche Bank were the bookrunners for the Rule 144A and Regulation S notes, which will have three equal redemption payments in 2026, 2027 and 2028.
| Issuer: | Ivory Coast
|
| Amount: | $1 billion
|
| Maturity: | March 3, 2028
|
| Description: | Notes
|
| Bookrunners: | BNP Paribas, Citigroup, Deutsche Bank
|
| Coupon: | 6 3/8%
|
| Price: | 97.955
|
| Yield: | 6 5/8%
|
| Spread: | Treasuries plus 463.6 bps
|
| Trade date: | Feb. 24
|
| Distribution: | Rule 144A and Regulation S
|
| Ratings: | Moody’s: B1
|
| Fitch: B
|
| Price talk: | 6 7/8% area
|
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