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Public Treasury: Côte d'Ivoire collects more than 87 billion FCFA

08/08/2024
Source : ORISHAS-FINANCE
Categories: Index/Markets

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At the end of its issuance of a simultaneous auction of 91-, 364-day treasury bills (BAT) and equivalent treasury bonds (OATs) of 3, 5 and 7 years, the Ivorian Public Treasury collected on Tuesday, August 6, 2024, the sum of 87.010 billion FCFA on the financial market of UEMOA

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The Ivorian state wants to ensure that the financing needs of its budget are covered. The amount put up for auction amounts to 85 billion FCFA. Overall bids were recorded at 88.010 billion FCFA. This corresponds to a coverage rate of 103.54% for the amount put up for auction. The amount of tenders accepted is 87.010 billion FCFA and that rejected at 1 billion FCFA. This gives an absorption rate of 98.86%. The vouchers will be refunded on the first business day following the due date set at November 6, 2024 for 91-day vouchers and August 6, 2025 for those with 364 days. As for interest, it will be payable in advance and deducted from the nominal value of the vouchers. While the capital of bonds will be financed on the first business day following the maturity date set at August 8, 2027 for 3-year bonds, July 31, 2029 for 5-year bonds and August 8, 2031 for 7-year bonds, and August 8, 2031 for 7-year bonds

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