Côte d’Ivoire prices US$1.3bn 15-year amortising Eurobond at 6.75%
- Value
- US$1.3bn
- Date
- 18 February 2026
- Status
- Completed
- Transaction type
- Bond Issuance
- Practice area
- Capital Markets
- Sector
- Public Sector
- Jurisdiction
- Côte d'Ivoire
- Client
- Republic of Côte d'Ivoire (Issuer)
Summary
The Republic of Côte d’Ivoire issued US$1.3bn of 6.75% amortising notes due 2041, priced on 18 February 2026 and closed on 25 February. The notes are admitted to trading on the London Stock Exchange’s Main Market and proceeds are for general budgetary purposes.
The joint bookrunners were BNP Paribas, Citigroup, Deutsche Bank, J.P. Morgan, SMBC, Société Générale and Standard Chartered. The Republic also executed EUR/USD cross-currency swaps after a competitive process, according to Cleary Gottlieb.
Why it matters
A long-dated amortising structure from a West African sovereign, priced while regional peers such as Senegal face debt restructuring.
Scope of legal work
Cleary Gottlieb represented the Republic as issuer. White & Case advised the joint bookrunners.
Advisers
| Lawyer | Firm | Role |
|---|---|---|
| Barthélemy Faye | Cleary Gottlieb | Partner (for the Republic) |
| Frederic Martin | Cleary Gottlieb | Partner (for the Republic) |
| Matt Brigham | Cleary Gottlieb | Partner (for the Republic) |
| Jim Ho | Cleary Gottlieb | Partner (for the Republic) |
| Olga Fedosova | White & Case | Partner (for the banks) |
| Max Turner | White & Case | Partner (for the banks) |
| Neil Clausen | White & Case | Partner (for the banks) |
Sources
Compiled by Meridian from the public announcements and filings listed under Sources.
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