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UEMOA financial market: Guinea Bisseau raises 11 billion FCFA

16/04/2024
Source : ORISHAS-FINANCE
Categories: Index/Markets

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The State of Guinea Bissau has raised on the financial market the sum of UEMOA 11 billion FCFA. It was last April 11 at the end of its issuance of a simultaneous auction of 91, 182, 364 day treasury bills (BAT) and 3-year equivalent treasury bonds (OATs

).

The State of Guinea Bissau plans to ensure that the financing needs of its budget are covered. For this reason, the issuer put an amount of 10 billion CFA francs up for auction. At the end of the operation, UMOA-Titre identified global tenders of 11.265 billion CFA francs, i.e. a coverage rate of the amount tendered of 112.66%

.

The issuer undertakes to reimburse the vouchers issued on the first business day following the due date set on October 10, 2024 for those with a duration of 182 days and on April 10, 2025 for those with a duration of 182 days and on April 10, 2025 for those of 364 days.

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