ABIDJAN, June 25 Ivory Coast will issue its
planned $500 mln Eurobond on July 7 in the United States and
Britain, a government spokeswoman said on Wednesday, marking the
West African nation's first venture onto the international
capital markets since a 2011 default.
The world's top cocoa-producing nation said in May it had
chosen Citigroup, BNP Paribas and Deutsche Bank
to market the bond.
"Ivory Coast is going to raise $500 million from the 7th to
the 18th of July in England and the United States,"
communications minister Affoussiata Bamba-Lamine told a news
conference following a cabinet meeting.
Ivory Coast, French-speaking West Africa's largest economy,
selected Fitch Ratings and Moody's to issue sovereign credit
ratings but they have not yet been announced.
The bond will mark the West African nation's first venture
onto the international capital markets since defaulting amid
The government resumed coupon payments on its defaulted $2.5
billion Eurobond, which matures in 2032,
after securing $4 billion in debt relief in June 2012 under an
IMF-World Bank scheme. It has since emerged as one of non-oil
producing Africa's best-performing credits.
(Reporting by Loucoumane Coulibaly; writing by Joe Bavier and
Bate Felix; editing by Andrew Roche)