LONDON, May 6 (IFR) - Cote d'Ivoire has hired BNP Paribas,
Citigroup and Deutsche Bank for a new US dollar bond mandate,
according to sources.
The offering is likely to have a 10-year tenor, they said,
though its timing is uncertain as the sovereign still needs to
acquire ratings. The banks declined to comment.
In January, Reuters quoted a special advisor to the economy
minister saying the sovereign will seek to raise a USD500m
"The state will issue a Eurobond of USD500m. The procedures
have begun," Fanta Coulibaly said at the time on the sidelines
of an investment conference in Abidjan.
"And we'll have an issuance in CFA of CFA250bn (USD517m) as
The bonds would represent the West African nation's first
venture into the international capital markets since a 2011
default caused by a post-election civil war.
(Reporting by Sudip Roy; Editing by Philip Wright)