Côte d'Ivoire : "No doubt" over 2012 repayments for Ivorian bond: treasury
on 2011/8/31 21:41:54
Côte d'Ivoire

20110831
Reuters
ABIDJAN (Reuters) - Ivory Coast is in talks with creditors over its defaulted $2.3 billion Eurobond but there is "no doubt" repayments will restart in 2012, the managing director of the treasury said on Wednesday.



Adama Kone said that the payments were being factored into the 2012 budget but the spending plans would not be finalised until talks with the World Bank and the IMF were finalised.

The bond, which matures in 2032, was launched in April last year to repackage defaulted brady bond debt but itself went into default due to Ivory Coast's post election power struggle.
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