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UEMOA financial market: Côte d'Ivoire raises 47.101 billion FCFA on Thursday

15/09/2023
Source : ORISHAS FINANCE
Categories: Index/Markets

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At the end of a simultaneous issuance of the auction of 3-month and 12-month equivalent treasury bonds (BAT) as well as 3-year treasury equivalent bonds (OAT), Côte d'Ivoire raised an amount on the UEMOA financial market on Thursday, September 14, 2023 of 47.101 billion FCFA through its

Public Treasury.

The amount put up for auction by the issuer is 50 billion FCFA. Overall investor bids amount to 52.181 billion FCFA, representing a coverage rate of 104.36% of the amount put up for tender by the bids. Through this fundraising, the issuer aims to ensure the coverage of the financing needs of the Ivorian State budget. The amount of rejected bids was 5.080 billion FCFA, representing an absorption rate of 90.26%. And the amount retained is 47.101 billion FCFA.

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