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UEMOA financial market: Guinea Bissau raises 11 billion CFA francs

20/06/2024
Source : ORISHAS-FINANCE
Categories: Index/Markets

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At the end of its issuance of a simultaneous auction of 182,364-day treasury bills (BAT) and 3-year equivalent treasury bonds (OATs), the State of Guinea Bissau raised on Tuesday May 18, 2024 on the financial market of UEMOA the sum of 11 billion FCFA.

The Guinean state wants to ensure that the financing needs of its budget are covered. The issuer had put an amount of 10 billion CFA francs up for auction. At the end of the operation, UMOA-Titre listed global tenders of 11 billion CFA francs, i.e. a coverage rate of the amount put out to tender of 110%. The issuer accepted all the bids, i.e. an absorption rate of 100%. The issuer undertakes to repay the vouchers issued on the first working day following the due date fixed on December 17, 2024 for those with a duration of 182 days and on June 17, 2025 for those of 364

days.
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