Ivory Coast, Senegal and Togo list sukuk bonds worth $1.28 bln

October 18, 2016 3:03 PM

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ABIDJAN Oct 18 Ivory Coast, Senegal and Togo listed sukuk Islamic bonds worth 766 billion CFA francs ($1.28 billion) on the West Africa bourse on Tuesday to allow investors to trade the securities and improve market liquidity, bourse authorities said.

Two of the bonds are Senegalese, which raised 300 billion CFA francs in 2014 and 2016. Ivory Coast raised 310 billion CFA francs in issues in 2015 and 2016, while Togo raised 156 billion CFA francs this year.

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