Cote d’Ivoire: Ivory Coast Is First in Sub-Saharan Africa to Issue ESG Samurai Bonds

TLDR

• Ivory Coast has issued its first Samurai bond, raising 50 billion yen ($336 million) through a 10-year note at a 2.3% coupon
• The bond, denominated in Japanese yen and listed in Tokyo, makes the country the first sub-Saharan African sovereign with an active Samurai issuance
• The issuance also carries an ESG label–another first for an African issuer in the Samurai bond market

Ivory Coast has issued its first Samurai bond, raising 50 billion yen ($336 million) through a 10-year note at a 2.3%…