November 28, 2013 / 3:51 PM / 4 years ago

Ivory Coast to issue $1.67 bln of debt on regional market in 2014

ABIDJAN, Nov 28 (Reuters) - Ivory Coast plans to issue sovereign debt worth around $1.67 billion on the West African regional market next year, its treasury director said, as it seeks to tap into growing investor confidence to fund post-war reconstruction.

“The 2014 objective won’t be very far off that of 2013, which is 806 billion CFA francs ($1.67 billion). These resources raised through bond issuance and will go to investment projects,” Adama Kone told Reuters on Thursday. ($1 = 483.2270 CFA francs) (Reporting by Ange Aboa; Writing by Joe Bavier; Editing by Janet Lawrence)

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