Ivory Coast secures $800m loan to refinance debt amid credit upgrade
Ivory Coast is in the process of securing an $800 million loan from a consortium of banks, including Standard Chartered Plc, to refinance upcoming debt maturities, according to sources familiar with the deal. Other banks involved in the financing include Nedbank Group Ltd. and Rand Merchant Bank. The sources, who requested anonymity due to the private nature of the information, noted that the transaction is expected to conclude shortly. Separately, Mitsubishi UFJ Financial Group Inc. (MUFG) is arranging a €400 million ($421 million) loan as part of a debt-for-development swap initiative. This transaction will enable Ivory Coast to replace a...
