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Ivory Coast launches 60 bln CFA franc bond


ABIDJAN, May 10 (Reuters) - Ivory Coast has launched a three and half-year bond bearing 6.25 percent interest, hoping to raise 60 billion CFA ($122.8 million) to boost its economy, Sogebourse, one of the lead managers, said on Monday. The bonds are in units of 10,000 CFA francs but will be sold for 9,800 CFA from April 30 to May 14 to encourage investors across West Africa's eight-nation CFA zone, according to an official at lead manager Sogebourse. The bond will be listed on West Africa's franc-zone BRVM regional bourse. (Reporting by Loucoumane Coulibaly; Editing by David Lewis) ($1=488.5 Cfa Franc) Keywords: IVORYCOAST BOND/ COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.

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