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Bond: Benin looking for 150 billion FCFA on the UEMOA market

24/02/2023
Source : ORISHAS FINANCE
Categories: Index/Markets

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Benin launched the 150 billion CFA bond in mid-February. This operation runs until next March 6. Depending on maturity, fifteen million titles are available at a price of 10,000 F CFA per bond at annual interest rates of 5.70% or 6.20%.

On the regional financial market, natural and legal persons from WAEMU countries and other institutional investors wishing to invest can still subscribe to Benin's 150 billion CFA francs bond. Until March 6, the 15 million securities issued remain available at the Société de Gestion et d'Intermediation du Bénin (SGI-Bénin), the arranger and leader of the operation, and in all UEMOA SGIs.

For the Directorate General of Treasury and Public Accounting (DGTCP), which is responsible for managing the government securities portfolio, the subscription period may be shortened, extended or moved if necessary by the State issuer, after referral to the Financial Markets Authority of the West African Monetary Union (AMF-UMOA).

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