Ivory Coast dlr bond rallies on Gbagbo arrest report

LONDON, April 11 (Reuters) – Ivory Coast’s $2.3 billion bond
(XS0496488395=R: Quote, Profile, Research) rallied more than half a point on Monday,
reversing earlier three-point losses, after an aide to Ivory
Coast’s Laurent Gbagbo said French special forces had arrested
Gbagbo and handed him over to rebel leaders. [ID:nLDE73A1IM]

Investors see a victory for Alassane Ouattara,
internationally recognised as the winner of November
presidential elections, as likely to lead to payment on the
defaulted bond.

The bond rose to 53.5 cents on the dollar, giving a yield of
11.98 percent.

(Reporting by Carolyn Cohn; editing by Sebastian Tong)

Ivory Coast dlr bond rallies on Gbagbo arrest report