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UEMOA financial market: Côte d'Ivoire raises 50.856 billion FCFA

09/11/2023
Source : ORISHAS FINANCE
Categories: Index/Markets

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At the end of a simultaneous auction of 28 and 364-day equivalent treasury bonds (BAT) as well as 3-year and 10-year equivalent treasury bonds (OAT) on Tuesday, November 7, 2023, the Ivorian State raised to through its Public Treasury, an amount of 50.856 billion FCFA. Côte d'Ivoire wants to meet the financing needs of the budget through this fundraising.

The amount auctioned by the issuer is 50 billion FCFA and the total bids from investors amount to 50.856 billion FCFA after the auction, which is a coverage rate of the amount auctioned by the 101 bids 7.1%. Thus, the Ivorian Public Treasury accepted all the tenders, representing an absorption rate of 100%. For the repayment of bond capital, it is scheduled for the first business day following the maturity date set at November 8, 2026 for bonds with a maturity of 3 years and November 8, 2033 for those with a term of

10 years.
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