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UEMOA financial market: Côte d'Ivoire raises 37.908 billion FCFA

11/10/2023
Source : ORISHAS FINANCE
Categories: Index/Markets

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At the end of its simultaneous issuance of the auction of 28- and 364-day treasury equivalent bonds (OAT) and 3-year treasury equivalent bonds (OAT), the Ivorian State raised the sum of 37.908 billion FCFA 2023 at the level of the UEMOA financial market the market 10 last October. It was in order to cover the financing needs of its budget.

The Ivorian Public Treasury received global bids of 67.162 billion FCFA, representing a coverage rate of 111.94% of the auctioned amount after auctioning 60 billion FCFA. The amount of rejected bids was 29.254 billion, while the number selected was 37.908 billion. Investors with successful bids will end up with a weighted average return of 4.03% for 28-day bonds, 6.92% for 364-day bonds, and 7.08% for

bonds.
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