Benin obtained on Thursday, September 12, 2024 on the UEMOA financial market the sum of 21.987 billion FCFA after its issuance of a simultaneous auction of 364-day treasury bills (BAT) and assimilable treasury bonds (OATs) with a maturity of 3 and 5 years. The objective is to finance your budget.

The issuer had requested 20 billion FCFA and was offered by investors bids of 31.864 billion FCFA. This corresponds to a coverage rate of 159.32% for the amount put up for auction.

The amount of successful tenders was 21.987 billion and that rejected was 9.877 billion FCFA. This gives an absorption rate of 69%

Investors whose bids were selected by the issuer will end up with a weighted average return of 6.81% for bonds, 6.57% for 3-year bonds, and 7.15% for 5-year bonds.

Vouchers are scheduled to be refunded on the first business day following the due date of September 11, 2025. As for the payment of interest, it will be made in advance and deducted from the nominal value of the vouchers

The repayment of the principal of the bonds will take place on the first business day following the maturity date set at July 12, 2027 for 3-year bonds and July 12, 2029 for 5-year bonds.