Ivory Coast successfully issued its first dollar bonds in almost seven years, totaling USD 2.6 bln and attracting over USD 8 bln in demand. The nation raised USD 1.1 bln through a sustainable bond and USD 1.5 bln via a conventional bond. The sustainable bond was issued at a yield of 7.875%, lower than the initial guidance of 8.375%, while the conventional notes were at 8.5%, below the initial target of 8.875%. The investor demand for Ivory Coast bonds over US treasuries is currently at one of its lowest points in nearly two years, with a spread of 619 bps.