Romania and Ivory Coast extend EM sovereign rush

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By Mariam Meskin
24 Nov 2020

CEEMEA sovereign borrowers extended their last minute funding spree this week with Romania joining Ivory Coast in the primary bond market.

Ivory Coast, rated Ba3/B+ by Moody's and Fitch, launched a Reg S/144A euro benchmark with a maturity of 11.2 years on Tuesday. The January 2032 bond was marketed with initial price thoughts of 5.5% area on Tuesday morning, later tightened to guidance of 5.25% area. By that point, ...

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