After having issued $2.8 billion in Brady Bonds in 1998, the Republic of the Ivory Coast defaulted on the debt in 2002 upon the outbreak of a civil war. Greylock Capital participated in the Republic's creditor committee and played a lead role in closing a deal between the republic and bondholders.Developing Nations Anxiously Watch Fed at Jackson Hole, Foreign Policy Magazine online, August 21, 2014 Greylock Capital engaged multilateral institutions, including the World Bank, in order to effect a restructuring that was compatible with creditor rights and with the principles of debt relief under the HIPC Initiative. The Ivory Coast restructuring was completed in 2010.
