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Côte d’Ivoire’s SIR financing highlights innovations in Africa’s debt markets
ABIDJAN (Capital Markets in Africa) – Côte d’Ivoire’s Société Ivoirienne de Raffinage (SIR), West Africa’s largest oil refinery, has secured a €577mn debt financing which will help it repay historical obligations on crude supply and reduce the interest rate of its stock of debt. The facility will also enable SIR to upgrade its plant and align it to international environmental emissions standards, with a view to business expansion. In recent years, Côte d’Ivoire has put…
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