{"id":23639,"date":"2025-07-20T09:47:08","date_gmt":"2025-07-20T05:47:08","guid":{"rendered":"https:\/\/gbc1.net\/?p=23639"},"modified":"2025-11-16T11:01:52","modified_gmt":"2025-11-16T07:01:52","slug":"cote-divoire-issues-first-samurai-bond-from-africa","status":"publish","type":"post","link":"https:\/\/gbc1.net\/index.php\/2025\/07\/20\/cote-divoire-issues-first-samurai-bond-from-africa\/","title":{"rendered":"Cote d’Ivoire Issues First Samurai Bond from Africa"},"content":{"rendered":"\n

According to a communique from the Ministry of Finance & Budget of Cote d’Ivoire dated 17th July 2025, the Republic of Cote d’Ivoire has successfully issued Samurai Bonds on the Tokyo Stock Exchange. The Bonds are #ESG<\/a>-compliant and qualify as #SustainableBonds<\/a>. It is also worth noting that they are the first Samurai Bonds from an African country traded on the Tokyo Stock Exchange (JPX<\/a>).<\/p>\n\n\n\n

The Samurai Bonds are targeted to raise capital to the tune of JPY 50 billion (FCFA 200 billion or EUR 300 million) with an interest of 2.3% and a 10-year maturity term. Several Japanese institutional investors subscribed to the instrument following a promotional roadshow in Japan by the Ivorian authorities during April 2025.<\/p>\n\n\n\n

The Samurai Bonds from Cote d’Ivoire represents a growing momentum to diversify sources of financing from African countries. Traditionally seeking financing in US Dollars and Euros, Cote d’Ivoire is now accessing the Yen-denominated bond market, which is the 3rd largest in the world.<\/p>\n\n\n\n

The Bonds are insured via the Japan Bank for International Cooperation (JBIC<\/a>) which is rated with an A+ notation. This particular issue of Bonds is also an indication of the interest and commitment of Japan in providing more finance options to Africa.<\/p>\n\n\n\n

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