Commentary & Deal Flow

The Republic of Benin, rated B1 (stable) by Moody’s and B+ (positive) by S&P, has mandated Citi, J.P. Morgan and Societe Generale as Joint Bookrunners to arrange a Global Investor Call along with a series of in-person and virtual fixed income investor meetings in London on 1 and 2 February 2024 and in New York on 5 February 2024.

A Rule 144A/Regulation S benchmark bond, the Republic’s first offering in USD, with expected 13-year weighted average life (14-year final maturity) tenor, will follow, subject to market conditions. FCA/ICMA stabilisation applies.

Target Market: Eligible counterparties and professional clients only (all distribution channels).