Ivory Coast issues $274 mln in domestic bonds – Reuters

ABIDJAN, June 22 (Reuters) – Ivory Coast has issued 150 billion CFA francs ($273.69 million) in domestic bonds in an auction running until June 28, a lead manager of the sale at NSIA bank told Reuters on Tuesday.

The auction opened on June 15 and includes 130 billion CFA francs of seven-year bonds at a rate of 5.80% and 20 billion CFA francs of 10-year bonds at 5.90%.

The bonds are being sold in units of 10,000 CFA francs across West Africa’s currency zone and will be listed on the West African bourse. ($1 = 548.0600 CFA francs) (Reporting by Loucoumane Coulibaly Writing by Alessandra Prentice)