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UEMOA financial market: Côte d'Ivoire raises 33 billion CFA francs

17/04/2024
Source : ORISHAS-FINANCE
Categories: Index/Markets

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On Tuesday, April 16, 2024, Côte d'Ivoire raised a sum of 33 billion CFA francs on the WAEMU financial market. It was at the end of its auction of assimilable treasury bills (BAT) lasting three months

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Ivory Coast wants to ensure that the financing needs of its budget are covered. The issuer had put 30 billion CFA francs up for auction. In return, he received global bids of 62.450 billion CFA francs from investors, i.e. a coverage rate of the amount auctioned by the tenders of 208.17%. The amount of tenders accepted was 33 billion FCFA and that rejected was 29.450 billion FCFA. This corresponds to an absorption rate of 52.84%

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