Republic of Côte d’Ivoire in $1.3 Billion Sovereign Bond Offering

Cleary Gottlieb represented the Republic of Côte d’Ivoire (Côte d’Ivoire) in an international sovereign bond offering of $1.3 billion 6.75% amortizing notes due 2041.

The offering, which was made in the U.S. under Rule 144A and outside the U.S. in reliance on Regulation S, priced on February 18, 2026, and closed on February 25, 2026. The notes have been admitted to trading on the Main Market of the London Stock Exchange.

Côte d’Ivoire also entered into a series of EUR/USD cross-currency swaps in connection with its payment obligations under the notes following a competitive process with potential hedge counterparties.

The net proceeds from the issue of the notes, after deduction of certain fees and expenses payable by Côte d’Ivoire in connection with the offer and sale of the notes, will be used for general budget purposes in accordance with Côte d’Ivoire’s finance laws.

For more information, please see the press release.

The Cleary team included partners Barthélemy Faye and Frederic Martin, senior attorney Monica Kays, and associates Pap Diouf, Samantha Grayman, Doriane Nguenang, Pierre Fusz, Solène Roizard, Goustan Le Guellec, Yousra Lemdilki, and Marina Radovic. Partner Matt Brigham and associates Michael Olson and Yoolim Lee advised on U.S. tax law. The hedging team included partner Jim Ho and associates Jonathan Griggs and Pritika Advani.