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Ivory Coast to issue CFA-franc bond worth $300-$500 mln: PM

Reuters

ABIDJAN (Reuters) - Ivory Coast will issue new CFA franc-denominated 7-year bonds worth $300 to $500 million on the euro market to finance internal debt repayments, the prime minister said on Tuesday. "They will be for a period of 7 years but for the moment we are in discussions to determine the right timing," Daniel Kablan Duncan told journalists. An advisor to the prime minister said the issuance would take place in 2014. West Africa's regional CFA franc currency is pegged to the euro.