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UEMOA financial market: Ivory Coast obtains a sum of 62 billion FCFA

09/02/2023
Source : ORISHAS FINANCE
Categories: Index/Markets

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After a simultaneous auction of 91-day Treasury Bonds (BAT) and 3- and 5-year equivalent Treasury Bonds (OAT), Côte d'Ivoire obtained 62 billion FCFA on Tuesday, February 7, 2023. It was to cover the financial needs of his budget.

The amount put out to tender by the Ivorian State is 65 billion FCFA, while the total amount of bids is 109.104 billion FCFA, giving a coverage rate of the amount put up for auction of 167.85%. The rejected submissions amount to 47.104 billion FCFA, representing an absorption rate of 56.83%, and those accepted at 62 billion FCFA. Investors whose bids are successful will end up with a weighted average return of 3.26% for bonds and 6.04% for 3-year bonds.

In addition, the repayment of the bonds will also take place on the first business day following the due date of February 8, 2026 for 3-year bonds and February 8, 2028 for 5-year bonds.

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