Côte d’Ivoire continues to dominate the regional financial market. On July 17, 2025, the Ivorian Public Treasury successfully raised 96.25 billion XOF, equivalent to 173.25 million dollars, on the West African Economic and Monetary Union (WAEMU) financial market, following a simultaneous issuance of Treasury bills and bonds.
The operation initially targeted a volume of 87.5 billion XOF, but investor confidence was demonstrated by an oversubscription of 149.9%, with 131.16 billion XOF in proposals. The Treasury accepted 73.38% of the offers, favoring Treasury assimilable bonds (OAT) with maturities of 3, 5, and 7 years, offering attractive gross yields ranging from 7.41% to 7.51%.
The 3-year OAT were divided into three distinct tranches with coupons of 4.15%, 4.77%, and 0.14%. The maturity dates are set for October 25, 2028, September 15, 2028, and July 9, 2028 for the 3-year bonds, July 9, 2030 for the 5-year bonds, and July 9, 2032 for the 7-year bonds. Annual interest payments are scheduled from the end of the first year, at rates ranging from 5.70% to 6.00% depending on the maturity.
With this new raising, the total sovereign issuances of Côte d’Ivoire in 2025 reach 3,458 billion XOF, representing 45.25% of the total public issuances in the WAEMU, confirming Abidjan’s central position in the regional market. It should be noted that the capital repaid by Côte d’Ivoire to date amounts to 2,067 billion XOF, with interest payments totaling 156 billion XOF.
This success confirms the strength of the Ivorian signature and the sustained interest of investors in the country’s sovereign bonds, in a context of diversification of sources of financing and budgetary consolidation.
