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UEMOA financial market: Guinea Bissau raises 11 billion CFA francs

26/08/2024
Categories: Index/Markets

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The State of Guinea Bissau raised the sum of 11 billion FCFA on Tuesday, August 20, 2024 on the UEMOA financial market. This was after its issuance of a simultaneous auction of 91 and 364-day treasury bonds (BAT), as well as 3-year equivalent treasury bonds (OATs

).

The issuer had put an amount of 10 billion CFA francs up for auction. At the end of the operation, global tenders of 14.607 billion FCFA were recorded. This gives a coverage rate of 146.08% for the amount put up for auction.

The amount of tenders selected is 11 billion FCFA (exclusively taken from 91 day vouchers) and that rejected 3.607 billion FCFA. This corresponds to an absorption rate of 75.30%

.

Investors whose submissions were successful will end up with a weighted average return of 9.21% for 91 day vouchers.

The Guinea-Bissau Public Treasury will refund the vouchers issued on the first working day following the due date set on November 19, 2024. As for interest, they are payable in advance and deducted from the nominal value of these

vouchers.

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