Côte d'Ivoire: A Promising Start on the Regional Public Debt Market in 2025

On January 7, 2025, Côte d'Ivoire successfully launched its first public debt fundraising operation on the regional market, attracting significant interest from investors. The initial target of 60 billion CFA francs was substantially exceeded, with submissions totaling 116.54 billion CFA francs, reflecting an impressive coverage rate of 194.23%. Ultimately, the Treasury raised 66 billion CFA francs, achieving an absorption rate of 56.63%, confirming investor confidence in the country’s economic resilience.

The funds were raised exclusively through short-term Treasury Bonds (Bons Assimilables du Trésor - BAT), with three distinct maturities: 113 days, 119 days, and 364 days. The 113-day and 119-day bonds raised 27 billion CFA francs and 29.96 billion CFA francs, respectively, with marginal rates of 6.5% and 6.6%, while their weighted average yields stood at 6.62% and 6.72%. The 364-day BAT raised 9.04 billion CFA francs, with a marginal rate of 6.75% and a weighted average yield of 7.24%.

A noteworthy aspect of this operation was the strong participation of local Ivorian investors, who accounted for 81.77% of the funds raised, amounting to 53.97 billion CFA francs. This local support underscores growing confidence in Côte d'Ivoire's macroeconomic stability and its growth prospects, further consolidating its position as a leader in the regional debt market.

With this successful launch, Côte d'Ivoire has demonstrated its ability to mobilize significant resources, reinforcing its strategic role within the region.

Source : Sika Finance