Bond Benin-Ivoire 5.75% ( XS1963478018 ) in EUR

Issuer	Benin-Ivoire
Market price	99.75 % ▲
Country	Benin
ISIN code	XS1963478018 ( in EUR )
Interest rate	5.75% per year ( payment 1 time a year)
Maturity	25/03/2026
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Minimal amount	100 000 EUR
Total amount	500 000 000 EUR
Next Coupon	26/03/2026 ( In 197 days )
Detailed description	Benin, formerly Dahomey, is a West African country known for its diverse ethnic groups, vibrant culture, and significant historical role in the transatlantic slave trade. A notable fixed-income instrument currently drawing market attention is the bond issued by the Republic of Benin, identified by the ISIN code XS1963478018. The Republic of Benin, a West African nation, has been increasingly active in international capital markets, seeking financing for its development agenda. The country's economic strategy has focused on structural reforms and public investment, aiming to foster sustainable growth and improve infrastructure, with its participation in the Eurobond market underscoring its commitment to diversifying funding sources and engaging with global investors. This particular bond issue, denominated in Euros (EUR), carries a fixed coupon rate of 5.75% and is set to mature on March 25, 2026, with coupon payments occurring annually. The total size of this bond issuance amounts to EUR 500,000,000, indicating a substantial offering in the market. Currently, the bond is trading on the market at 99.4% of its par value, reflecting prevailing market dynamics and investor sentiment towards Beninese sovereign debt. Investors interested in acquiring this instrument should note the minimum purchase size of EUR 100,000, which typically targets institutional investors or high-net-worth individuals.