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Government securities market: Ivory Coast and Togo completed their inclusion last week

13/04/2023
Source : ORISHAS FINANCE
Categories: Index/Markets

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La Côte d' Ivoire et le Togo ont conclu avec succès leurs incursions sur le marché des titres publics par Adjudication , last week after missing several releases at the start of the year. This is a glimmer of hope on this market, which has been under pressure for several weeks.

Côte d'Ivoire mobilized 68 billion FCFA on the public securities auction market, organized by UMOA-Titres on 6 April, while Togo mobilized 32 billion FCFA on the 7th of the same month on the market. They mark a break with the first quarter of 2023, when only 67% of securities issued by UEMOA governments had received subscriptions from investors. The securities issued by Côte d'Ivoire consisted of two 182-day and 364-day Treasury Bonds (BATs). In Togo, equivalent Treasury bonds (OAT) constituted only 40% of demand and the rest of 60% were in the form of 182-day BAT.

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