The Treasury has collected about 274 billion CFA francs (418 million euros) while it sought 160 billion, divided into two equal installments, for 2014.
The Ivorian government has recorded a great success for its latest bond issue of 2014 whose subscriptions are closed to 16 December.
According to an article in Jeune Afrique dated January 14, 2015, the Tranche A, consisting of the conversion of receivables of the banking and insurance sector in bonds with a nominal value of 10 000 CFA with a rate of 3% over ten years, Ivory Coast has collected 109 billion CFA francs. For tranche B, dedicated to raising new resources, bonds carrying a rate of 5.85% over 7 years reported 165 billion CFA francs.
The Ivorian authorities have mandated the management companies and Sogebourse intermediation (subsidiary of the French Société Générale), Atlantic Finance (Atlantic Group) and ACTIBOURSE (Bank of Africa), respectively manager and co-lead managers. This is the first time in 2014 that such a mandate was given to Sogebourse. Backed by large banking groups, these SGI put their strong customer portfolios contribution.
The country launched its first issue of Treasury Bills for the year 2015 amounting to 50 billion CFA francs.