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UEMOA financial market: the Senegalese Public Treasury raises 86.270 billion FCFA

30/01/2024
Source : ORISHAS FINANCE
Categories: Index/Markets

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On Thursday, January 25, the Senegalese Public Treasury raised the sum of 86.270 billion CFA francs on the UEMOA financial market. It was at the end of a targeted auction of 364-day Treasury Bonds (BAT) and 3- and 5-year Treasury Recovery Bonds (OATs), in order to ensure the coverage of the financing needs of the State budget

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The issuer had auctioned 80 billion FCFA and obtained global bids of 86.274 billion FCFA, i.e. a coverage rate of the amount auctioned of 107.84%. According to UMOA-Titres, organizer of the operation, the amount of tenders selected is 86.270 billion FCFA and that rejected at 4 million FCFA, i.e. an absorption rate of 100%

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