In another sign that investor appetite for higher-yielding sub-Saharan sovereign debt shows no sign of waning, last week’s $1 billion bond sale by Cote d’Ivoire attracted over $4 billion in orders. The bonds will have an average maturity of 12 years and yield 6.625%. The issue is the country’s second dollar-denominated bond since it defaulted on its debt in as it became embroiled in civil war.
Read more at The Wall Street Journal…
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