Following a simultaneous auction of equivalent treasury bills (BAT) with a maturity of 364 days and similar treasury bonds (OAT) with a maturity of 3 and 5 years, on Thursday 26 January 2023, the Beninese government raised 40,020 billion FCFA on the market Acute; financial of the UEMOA.

The issuer had auctioned 40 billion FCFA according to UMOA-Securities. He was offered bids of 72.744 billion FCFA after auction, giving a coverage rate of 181.86% of the amount put up for auction. The amount of the rejected bid was 32.724 billion FCFA, corresponding to an absorption rate of 55.01%, while that accepted was 40,020 billion FCFA;

Investors whose bids are successful will end up with a weighted average return of 4.09% for bonds, 6.01% for 5-year bonds, and 6.06% for 3-year bonds. On the first working day, Benin undertakes to repay the BAT according to the due date of January 25, 2024. Interest is payable in advance and deducted from the nominal value of the vouchers in respect of them.