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UEMOA financial market: Ivory Coast raises 71,500 billion FCFA

12/01/2023
Source : ORISHAS FINANCE
Categories: Index/Markets

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Le lundi 9 janvier 2023, la Ivory Coast raised 71,500 billion FCFA on the UEMOA financial market at the end of a & Mission by auction of equivalent treasury bills (BAT) with a duration of 91 days and 364 days. It was in order to finance his budget.

65 billion FCFA was put up for auction by the issuer. There were 132,500 billion FCFA worth of global submissions from investors, giving a coverage rate of 203.85% of the amount put up for auction.

Investors with successful submissions will have a weighted average return of 3.20% for 91-day BATs and 3.63% for 364-day BATs. The first business day will be used to repay the following bills due April 10, 2023 for 91-day BAT and January 8, 2024 for 364-day BAT. In addition, interest is payable in advance and deducted from the nominal value of the bonds.

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