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Republic of Côte d'Ivoire: 33 billion FCFA in bonds and bonds received

11/12/2022
Categories: Index/Markets

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After a simultaneous issuance of 364-day support and resilience bonds (BSR) with a duration of 126 days and 3-year Treasury Recovery Bonds (ODR), on Monday, December 5, 2022, at the level of the UEMOA financial market, the sum of 33 billion FCFA through its Tr& eAcute; turn Public.

In total, there were 353 billion FCFA worth of submissions from investors, according to the director of UMOA-Securities. Indeed, the amount put out to tender by the issuer was 30 billion FCFA giving a coverage rate of 194.51% of the amount put out to tender.

In addition, the amount of successful bids is 33 billion FCFA and the rejected one is 25.353 billion FCFA giving an absorption rate of 56.55%. On the other hand, the Ivorian public treasury intends to repay the capital of the securities issued on the first business day following the maturity date set for April 11, 2023 for BSRs with a residual maturity of 126 days, on April 4, 2023 for BSRs with a maturity of 364 days and on December 6, 2025 for bonds.

BSR interest is payable in advance and precharged at face value, while for bond interest payments, the issuer intends to do so annually at an interest rate of 5.20%, starting at the end of the first year.

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