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UEMOA financial market: Guinea Bissau raises 11 billion CFA francs

16/05/2024
Source : ORISHAS-FINANCE
Categories: Index/Markets

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At the end of its issuance of a simultaneous auction of 91-, 364-day treasury bills (BAT) and 3-year equivalent treasury bonds (OATs), the State of Guinea Bissau raised on Monday, May 13, 2024 on the financial market of

UEMOA the sum of 11 billion FCFA.

Guinea Bissau wants to ensure that the financing needs of its budget are covered. For this reason, the issuer had put an amount of 10 billion CFA francs up for auction. At the end of the operation, UMOA-Titre identified global tenders of 11.183 billion CFA francs. This gives a coverage rate of the amount put up for auction of 111.84%. The amount of tenders accepted is 11 billion CFA francs and that rejected 183 million CFA francs, i.e. an absorption rate of 98.34%

.

The issuer undertakes to repay the vouchers issued on the first business day following the due date fixed on August 12, 2024 for those with a duration of 91 days and on May 12, 2025 for those of 364 days. As for interest, they are payable in advance and deducted from the nominal value of these

vouchers.
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