Guarantee for Privately Placed Samurai Bonds (Sustainability Bonds) Issued by Government of Cote d'Ivoire
Japan, July 18 -- The Japan Bank for International Cooperation (JBIC) signed on July 15 a set of agreements to provide a guarantee for yen-denominated foreign bonds in the Japanese bond market (Samurai Bonds) (Sustainability Bonds) issued by the government of Cote d'Ivoire. This is a privately placed issue totaling JPY50 billion. The arrangers are SMBC Nikko Securities Inc. and Mitsubishi UFJ Morgan Stanley Securities Co., Ltd., with Sumitomo Mitsui Banking Corporation serving as a commissioned company for bondholders. This is the first guarantee provided by JBIC for Samurai Bonds issued by a Sub-Saharan African nation, under it's "Guarantee and Acquisition toward Tokyo market Enhancement" (GATE) financing facility. The government of Cote d...
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