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UEMOA financial market: the Ivorian State raises nearly 31 billion FCFA

18/10/2023
Source : ORISHAS FINANCE
Categories: Index/Markets

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At the end of its simultaneous issuance of the 28-day auction of equivalent treasury bonds (BAT) and 5-year treasury equivalent bonds (OAT) on Monday, October 16, 2023, Côte d'Ivoire raised the sum of 30.918 billion FCFA at the market level ; financial for UEMOA. It was in order to ensure that the financing needs of its budget were covered.

The issuer ended up with global bids of 32.918 billion FCFA, representing a coverage rate of the amount put up for tender by the tenders of 109.73% after auctioning 30 billion FCFA. The amount of tenders selected was 30.918 billion FCFA and the rejected 2 billion FCFA, representing an absorption rate of 93.92%. Côte d'Ivoire will repay the vouchers on the first working day following the due date of November 13, 2023. Interest is payable in advance and precounted at face value

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