Romania and Ivory Coast extend EM sovereign rush

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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