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Find all the economic and financial information on our Orishas Direct application to download on Play StoreOn Friday, March 17, 2023, the Ivorian State obtained the sum of 80.012 billion FCFA from the WAEMU financial market following a simultaneous auction of 91-day Treasury Bonds (BAT) and 3 day Treasury Equivalent Bonds (OAT) and 5 years This was in order to ensure that the financing needs of its budget were covered.
Ivory Coast had auctioned 80 billion FCFA. The total amount of tenders is 80.644 billion FCFA, giving a coverage rate of 100.81% of the amount put up for auction. The bids rejected at 632.4 billion FCFA (exclusively 5-year bonds), giving an absorption rate of 99.22%. While those retained (mainly 3-year bonds and OATs) amount to 80.012 billion FCFA. Investors whose bids are successful will end up with a weighted average return of 6.43% for 3-year bonds and 5.53% for bonds. Interest is payable in advance and deducted from their nominal value, while bonds issued are redeemable on the first business day following the due date of 13 June 2023.
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