World Markets

Ivory Coast issues domestic bonds worth $254 million

Ivory Coast has issued 145 billion CFA francs ($254.69 million)in bonds on the West African bourse to raise funds to help boost its economy, a lead manager said on Monday.

ABIDJAN, July 20 (Reuters) - Ivory Coast has issued 145 billion CFA francs ($254.69 million)in bonds on the West African bourse to raise funds to help boost its economy, a lead manager said on Monday.

The auction includes 100 billion CFA francs in seven-year bonds at a 5.80% interest rate, and a 45 billion CFA franc ten-year bond at 5.9%, lead manager from NSIA Finance said.

The bonds are being sold in units of 10,000 CFA francs to investors across West Africa's CFA currency zone from July 10 to 24. ($1 = 569.3100 CFA francs)

(Reporting by Loucoumane Coulibaly Editing by Bate Felix)

((loucoumane.coulibaly@thomsonreuters.com; +225 05083848;))

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