Ivory Coast Raises $336 Million in Its First Samurai Bonds

Ivory Coast has raised 50 billion yen ($336 million) in Samurai bonds, the country’s first, as it moves to diversify financing sources.

The 10-year bond, which makes the world’s top cocoa producer the only sub-Saharan African sovereign with a current Samurai, was issued at a coupon of 2.3%, the Finance Ministry said in a statement Thursday.