UEMOA financial market: Côte d'Ivoire raises 88 billion FCFA : Orishas-finance

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UEMOA financial market: Côte d'Ivoire raises 88 billion FCFA

23/08/2023

Source : ORISHAS FINANCE

Categories: Index/Markets

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UEMOA financial market: Côte d'Ivoire raises 88 billion FCFA

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At the end of a simultaneous issuance of the auction of 91 and 364-day treasury equivalent bonds (BAT) as well as 3-year treasury equivalent bonds (OAT), the Ivorian State raised on Tuesday, August 22, 2023, on the financial market of the

UEMOA an amount of 88 billion FCFA through its Public Treasury.

The objective of Côte d'Ivoire is to ensure that the financing needs of the Ivorian State budget are covered. The issuer has auctioned 80 billion FCFA and the total bids from investors amount to 112.811 billion FCFA, representing a coverage rate of 141.01% of the amount put up for tender by the tenders

88 billion FCFA was withheld and 24.811 billion FCFA rejected, representing an absorption rate of 78.01%.

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