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UEMOA financial market: Benin raises 40 billion FCFA francs

17/06/2024
Source : ORISHAS-FINANCE
Categories: Index/Markets

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At the end of its 91 and 182-day auction of comparable treasury bills (OATs), the Beninese government raised the sum of 40 billion CFA francs on the UEMOA financial market on Thursday 13 June last year.

The Beninese government wants to ensure that the country's financing needs are covered. In fact, the issuer has put 40 billion CFA francs up for auction. At the end of the operation, it received global bids of 53.451 billion CFA francs, i.e. a coverage rate of the amount put up for auction of 133.63%. The amount of tenders accepted was 40 billion and that rejected was 13.451 billion, i.e. an absorption rate of 74.83%. Investors whose bids were successful will end up with a weighted average return of 6.80% for 91-day vouchers and 6.77% for 182-day

vouchers.
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