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UEMOA financial market: Benin raises 31.133 billion FCFA

25/09/2023
Source : ORISHAS FINANCE
Categories: Index/Markets

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After a simultaneous issuance of an auction of 364-day treasury equivalent bonds (BAT) and 3- and 5-year treasury equivalent bonds (OAT), Benin raised an amount of 31.133 billion FCFA on the UEMOA financial market

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The issuer had auctioned 30 billion FCFA and was offered tenders of 31.133 billion FCFA, representing a coverage rate of the auctioned amount of 103.78%. All the bids were accepted by the issuer, corresponding to a 100% absorption rate. Benin undertakes to repay the treasury bills on the first working day following the due date of September 19, 2024

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