Investors demanded higher yields for 3-year bonds (7.64% vs. 7.50% at the beginning of March) and 5-year bonds (7.45% vs. 7.41% in the last issuance). In contrast, 7-year bonds showed an average yield of 6.69%, a slight decrease from early March (7.31%). However, demand for these bonds remains low, with only 4.9 billion FCFA raised for this maturity.It is worth noting that Ivory Coast has already achieved a record fundraising of $2.6 billion on international markets in 2025. This new operation on the regional market demonstrates the country's ability to mobilize funds to finance its development projects.A few days before this adjudication, Côte d'Ivoire finalized a bond exchange operation worth 450 billion FCFA (equivalent to $746.7 million) on the West African Economic and Monetary Union (UEMOA) market. This operation, which exceeded the initial target of 400 billion FCFA, aimed to restructure part of the 2025 repayments by offering investors new 5- and 7-year bonds with interest rates of 5.90% and 6.00%, respectively. Since the beginning of the year, Côte d'Ivoire has already mobilized 1,360 billion FCFA on this market, representing more than half of the 2,645 billion FCFA raised by all states in the sub-region. This weight confirms its role as the main borrower in the UEMOA zone but could also saturate the market

 Christelle koambi