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UEMOA financial market: Côte d'Ivoire raises 29.534 billion FCFA

28/06/2024
Source : ORISHAS-FINANCE
Categories: Index/Markets

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At the end of its auction of assimilable treasury bills (BAT) lasting 91 days on Tuesday, June 25, 2024, Côte d'Ivoire raised the sum of 29.534 billion CFA francs on the UEMOA financial market.

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, it received global bids of 33.534 billion CFA francs from investors, i.e. a coverage rate of the amount auctioned by the tenders of 111.78%. The amount of tenders accepted was 29.534 billion FCFA and that rejected was 4 billion FCFA, i.e. an absorption rate of

88.07%.
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