Ivory Coast: a promising start in the Regional Public Debt Market in 2025.
On January 7, 2025, Côte d'Ivoire successfully launched its first fundraising operation on the regional public debt market, generating significant interest among investors. The initial target set at 60 billion FCFA was greatly exceeded, with total bids reaching 116.54 billion FCFA, reflecting an impressive coverage rate of 194.23%. Ultimately, the public treasury decided to raise 66 billion FCFA, resulting in an absorption rate of 56.63%, confirming investors' confidence in the country's economic resilience.
This mobilization was carried out exclusively through the issuance of short-term Treasury Bonds (BAT), distributed over three distinct maturities: 113 days, 119 days, and 364 days. The instruments with maturities of 113 and 119 days raised 27 billion and 29.96 billion FCFA, respectively, with marginal rates of 6.5% and 6.6%, while the weighted average yields were 6.62% and 6.72%. The 364-day BAT raised 9.04 billion FCFA, with a marginal rate of 6.75% and a weighted average yield of 7.24%.
A notable aspect of this operation is the strong participation of Ivorian investors, who accounted for 81.77% of the amount raised, or 53.97 billion FCFA. This local support reflects increased confidence in Côte d'Ivoire's macroeconomic stability and growth prospects, thereby consolidating its position as a leader in the regional debt market.
With this first success, Côte d'Ivoire demonstrates its ability to mobilize significant resources while affirming its strategic role within the region.
Source: Sika finance, MEPD Web Portal Editorial Team