At the end of its auction of equivalent treasury bills (OATs) of 91 and comparable 3 and 5-year treasury bonds which took place on Thursday, July 11, 2024, which took place on Thursday, July 11, 2024, Benin raised the sum of 40 billion CFA francs on the UEMOA financial market.

The Beninese state wants to ensure that the financing needs of its budget are covered. The issuer auctioned an amount of 40 billion FCFA and received, at the end of the operation, global tenders of 67.076 billion FCFA, i.e. a coverage rate of the amount tendered of 167.69%. The amount of successful tenders was 40 billion and that rejected was 27.076 billion, i.e. an absorption rate of 59.63%. The principal amount of the vouchers will be repaid on the first working day following the due date set on October 10, 2024. Interest is payable in advance and deducted from the nominal value of the vouchers