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UEMOA financial market: Guinea-Bissau raises 11 billion FCFA

09/08/2023
Categories: Index/Markets

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Guinea-Bissau received 11 billion FCFA on the UEMOA financial market on Tuesday, August 8, 2023. It was under a simultaneous auction of 3 and 12-month treasury equivalent bonds (BAT) organized at the level of the UEMOA financial market

.

The issuer had auctioned for 10 billion FCFA. At the end of the operation, investors offered global tenders of 12.577 billion FCFA. This gives a coverage rate of the amount auctioned of 125.77%.

The amount of bids selected by the Guinea-Bissau State Treasury is 11 billion and the rejected one 1.577 billion. This gives an absorption rate of 87.46%. Investors whose bids were successful will end up with a weighted average return of 7.49% for 3-month bonds and 7.75% for 12-month

bonds.

Vouchers will be redeemed on the first business day following the expiry date of November 7, 2023 for 3-month titles and June 27, 2024 for 12-month titles.

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