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UEMOA financial market: Côte d'Ivoire raises 21.593 billion FCFA

13/12/2023
Categories: Index/Markets

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At the end of its simultaneous auction of equivalent treasury bonds (BAT) with a maturity of 114 days and equivalent treasury bonds (OAT) for 3 years, the State of Côte d'Ivoire raised the sum of 21.593 billion FCFA on Tuesday, December 12, 2023, at the level of the UEMOA financial market.

Côte d'Ivoire was on the UEMOA financial market to cover the financing needs of its budget. According to UMOA-Titres, the organizer of the operation, an amount of 20 billion FCFA had been auctioned by the issuer. The total amount of global tenders amounted to 22.593 billion FCFA. This gives a coverage rate of the amount put up for auction of 112.97%

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The amount of successful submissions was 21.593 billion and the amount rejected was $1 billion. This gives an absorption rate of 95.57%. Investors whose bids have been successful will end up with a weighted average return of 6.28% for bonds and 7.40% for bonds

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