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Investor Presentaiton

17 COTE D'IVOIRE INVESTOR MEETING Cote d'Ivoire Succeeded in Obtaining From the Paris Club the Resumption of Full Payments To The Holders of The 2032 Eurbond in 2012 (cont'd) ■ However, Cote d'Ivoire succeeded in convincing public creditors of the need to preserve the relationship established by Cote d'Ivoire with private creditors from the perspective of future international capital market access for the country The Ivorian Delegation highlighted the NPV effort already made by London Club creditors over time through the Brady Bond exchange of 1997 and the subsequent 2010 Bond exchange Total NPV effort already made by private creditors amounts to 85% whereas the required effort required under HIPC rules is 74.8% ■ Following the previous 2009 Paris Club agreement, Paris Club creditors received in total FCFA 62.6 billion from September 2009 to September 2010, whereas private creditors received only one coupon payment in June 2010 (FCFA 15.3 billion) The Ivorian Delegation underlined that not paying in full the 2012 interest coupons would jeopardize the efforts made by Cote d'Ivoire to establish long-term relationships with private creditors and would thus threaten a successful future access to international capital markets
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