Cote d’Ivoire’s $1bln bond sale heavily oversubscribed

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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…