Sub-Saharan Africa returns to financial markets two years later

According to the US financial rating agency Standard & Poor's, Côte d'Ivoire's return to the markets with a debt issue at the beginning of January this year could set a precedent for other Eurobond issues in the region. Conditions can vary from country to country, depending on economic performance, prospects, budget consolidation and the implementation of economic reforms. In the case of Côte d'Ivoire, one of the most advanced financial markets in sub-Saharan Africa, the funds raised were earmarked for sustainable projects such as infrastructure, employment and renewable energies.

The issue of 2.6 billion dollars, with an interest rate of approximately 8% per year, saw record demand, surpassing 8 billion dollars and demonstrating investors' continued interest in the country's debt.

Oporto Forte Group, with a presence in 4 continents and more than 10 countries, including the African continent, welcomes the milestone reached by sub-Saharan Africa in the financial markets.

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