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UMOA financial market: the Ivorian Public Treasury raises 33 billion FCFA

16/08/2023
Source : ORISHAS FINANCE
Categories: Index/Markets

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Le Trésor public de Côte d'Ivoire raised 33 billion CFA francs ($56.100 million) following its issuance of equivalent treasury bonds (BAT) with a maturity of 91 days, organized on 14 August 2023 at the level of the financial market of the West African Monetary Union (UMOA). This was to ensure that the financing needs of the State budget were covered.

The issuer was offered by investors total bids of 85.769 billion FCFA, representing a coverage rate of 285.90% of the auctioned amount, after auctioning 30 billion FCFA. The issuer withheld 33 billion FCFA from the amount of the bids and rejected 52.769 billion FCFA, representing an absorption rate of 38.48%. According to data from UMOA-Titres, as of August 11, 2023, the cumulative number of public securities issued by the Ivorian authorities amounted to 1,722 billion FCFA at the rate of 1,229.50 billion treasury bonds and 492.25 billion

treasury bonds.
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