Ivory Coast buoys loan market, other African sovereigns to follow

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By Silas Brown
08 Oct 2019

Ivory Coast has bolstered loans bankers' expectations that African sovereigns will become a rare source for growth in the market, closing a €300m seven year loan.

Société Générale was sole lead on the transaction.

“[The loan market] is interesting for African governments, as they can get long term money at rates that are still competitive, and it provides them diversification from their typical investor base,” said one banker familiar with the deal.

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