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UEMOA financial market: Côte d'Ivoire raises 55 billion FCFA

30/11/2023
Source : ORISHAS FINANCE
Categories: Index/Markets

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At the end of its simultaneous auction of bonds equivalent to equivalent treasury bonds (BAT) lasting 28, 77, 112, 128 days and equivalent treasury bonds (OAT) for 3 years, the Ivorian State raised on Tuesday 28 last Tuesday the sum of 55 billion FCFA to level of the UEMOA financial market. This was in order to ensure that the financing needs of its budget were covered.

UMOA-titles, the organizer of the operation, an amount of 50 billion FCFA had been auctioned by the issuer. The total amount of tenders amounted to 55 billion FCFA, representing a coverage rate of 110% of the amount put up for auction. All the tenders made by investors were accepted, i.e. 55 billion FCFA, or an absorption rate of 100%. Treasury bills are expected to be repaid on the first business day following the due date of 26 December 2023 for 28-day BAT, 13 February 2024 for those of 77 days, on 19 March 2024 for those of 112 days, on 4 April 2024 for those of

128 days.
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