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UEMOA financial market: Guinea Bissau raises 7 billion CFA francs

23/05/2024
Source : ORISHAS-FINANCE
Categories: Index/Markets

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On Tuesday, May 21, 2024, at the end of its simultaneous auction of 91-, 364-day treasury bills (BAT) and 3-year equivalent treasury bonds (OATs), on Tuesday, May 21, 2024, the State of Guinea Bissau raised the sum of 7 billion CFA francs on the market UEMOA financial institution.

Guinea Bissau wants to ensure that the financing needs of its budget are covered. The issuer had put an amount of 7 billion CFA francs up for auction, and listed global tenders of 7.559 billion FCFA, i.e. a coverage rate of the amount put out for auction of 107.99%. The amount of tenders accepted is 7 billion CFA francs and that rejected 559 million CFA francs, i.e. an absorption rate of

92.60%.

The Guinea-Bissau Public Treasury will refund vouchers issued on the first working day following the due date set on August 20, 2024 for those with a duration of 91 days and on May 20, 2025 for those with a duration of 91 days and on May 20, 2025 for those with a duration of 364 days. As for interest, they are payable in advance and deducted from the nominal value of these

vouchers.
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