Ivory Coast Raises $336 Million in First-Ever Samurai Bonds

Ivory Coast has successfully raised 50 billion yen ($336 million) in its first Samurai bonds, with a 10-year bond yielding 2.3%. The move aims to diversify financing sources and broaden the investor base, and was guaranteed by the Japan Bank for International Cooperation. The country's economic growth is forecast to increase to 6.3% in 2023 from 6% in 2024, with debt easing to 58.1% of GDP from 59.3% over the same period.