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UMOA public securities market: the first week of May closed with 4 issues

10/05/2023
Source : ORISHAS FINANCE
Categories: Index/Markets

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The first week of May was closed by the West African Monetary Union (UMOA) government securities market with 4 issues in an international context marked in particular by the increase in key rates by the European Central Bank (ECB) and the American Fed hinting at a probable alignment of the Central Bank of West African States (BCEAO) at its next meeting in June

.

Côte d'Ivoire mobilized 33 billion FCFA, Mali with 30.34 billion FCFA, Benin for 38.5 billion FCFA and Togo for 33 billion FCFA have all tested their ratings on the regional public securities market. The cumulative offer of 125 billion FCFA generated a total mobilization of 124 billion FCFA, giving right to a coverage rate of 157.10% compared with 132% the previous week. According to market analysts, “this dynamic in the level of change in hedges over the past few weeks reflects the interest of investors in public securities, despite the context characterized by the normalization of the BCEAO's monetary policy. ”. Yields continue to rise on the public securities market, whetting the appetite of institutional investors (Insurance Company, Pension Fund, Deposit and Consignment Fund, UCITS Management Company, Management and Intermediation Company

).
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