Ivory Coast

Ivory Coast, the world’s largest cocoa producer, is set to issue a new Eurobond, ending a nearly two-year pause in new USD-debt issuances in SSA, without specifying the size of the issue. Market confidence in the sovereign is high, with strong economic growth and a track record of private-sector-led expansion. The current 10-year USD Eurobond maturing in 2033 is trading at 7.9%, and the new issuance is expected to attract good market demand, potentially at a slightly higher rate to attract significant investment.