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UEMOA financial market: Guinea-Bissau raises FCFA 6.012 billion in treasury bills and bonds

20/10/2023
Source : ORISHAS FINANCE
Categories: Index/Markets

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Au terme d' une émission Simultaneous auction of 364-day treasury equivalent bonds (BAT) and 3-year treasury equivalent bonds (OAT) on Tuesday October 17, 2023, Guinea-Bissau raised the sum of 6.012 billion FCFA on the UEMOA financial market. The State intends to meet the financing needs of its budget.

7 billion FCFA has been put up for tender. Investors offered the issuer global bids of 6.012 billion FCFA, representing a coverage rate of 85.90% of the auctioned amount. The Bissau-Guinean Public Treasury selected all the bids, representing an absorption rate of 100%. The principal amount of the bonds will be repaid on the first business day following the due date of October 18, 2026

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