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Public Treasury: Côte d'Ivoire receives 109.553 billion FCFA in the WAEMU financial market

06/09/2024
Source : ORISHAS-FINANCE
Categories: Index/Markets

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On Tuesday 3 September 2024 the Public Treasury of Côte d'Ivoire cashed on the financial market of

UEMOA the sum of 109.553 billion FCFA after its issuance of a simultaneous auction of assimilable treasury bills (BAT) with a duration of 91 and 364 days and comparable treasury bonds (OATs) of 3 and 5 years.

The Ivorian state wants to meet the financing needs of the budget. The issuer requested 100 billion FCFA and ended up with global submissions of 118.676 billion FCFA. This gives a coverage rate of 118.68% for the amount put up for auction. The amount of tenders accepted is 109.553 billion FCFA and that rejected at 9.123 billion FCFA. This corresponds to an absorption rate of 92.31%. The repayment of vouchers on the first business day following the due date set at December 3, 2024 for those of 91 days and on September 3, 2025 for those of 364 days. Interest will be paid in advance and will be deducted from their nominal value

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