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UEMOA financial market: the Ivorian State collects 53.802 billion FCFA in treasury bills

11/01/2024
Source : ORISHAS FINANCE
Categories: Index/Markets

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At the end of its issuance by auction of assimilable treasury bills (GAT) lasting 91 and 364 days organized on January 9, 2024, the Ivorian State collected the sum of 53.802 billion FCFA at the level of the UEMOA financial market.

Ivory Coast is considering financing its budget. For this reason, the issuer put 50 billion CFA francs up for auction. Investor submissions amounted to 58.241 billion CFA francs, i.e. a coverage rate of the amount put up for auction of 116.48%. The amount of rejected tenders was 4.439 billion FCFA and that selected was 53.802 billion FCFA. Investors whose bids were successful will end up with a weighted average return of 6.53% for 91-day vouchers and 7.22% for 364-day

vouchers.
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