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UEMOA financial market: Guinea Bissau obtains 13.551 billion FCFA

14/12/2022
Source : ORISHAS FINANCE
Categories: Index/Markets

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Following an issue of support and resilience bonds and a Treasury Recovery Bond (ODR) with a duration of 364 days and 7 years respectively, Guinea Bissau obtained, on December 8, 2022, the financial market of UEMOA an amount of 13.551 billion CFA francs.

The total amount of bids is 16.551 billion CFA out of an amount put up for auction of 12.5 billion according to UMOA-titles, giving a coverage rate of 132.41% of the amount put up for auction. For its part, the amount of successful bids was 13.551 billion FCFA and that rejected at 3 billion FCFA, giving an absorption rate of 81.87%.

In addition, investors whose bids are successful will end up with a weighted average return of 3.58% for bonds and 6.46% for bonds. The vouchers issued are to be repaid on the first business day following the due date of November 14, 2023. The bonds will be paid annually at an interest rate of 6.30%, starting at the end of the first year, while interest is payable in advance and precounted on the nominal value of the bonds.

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