Benin Republic’s first-ever dollar denominated bond- a $750 million issue- was oversubscribed to the tune of $5 billion on Wednesday as investors lapped up the debt of the small West African nation.
The West African nation’s Finance Minister, Romuald Wadagni,said proceeds from the 14-year bonds which were issued at a rate of 8.375 per cent would be used to finance the country’s 2024…