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UEMOA financial market: Côte d'Ivoire raises 141,794 billion CFA francs

03/10/2024
Source : ORISHAS-FINANCE
Categories: Index/Markets

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After its issuance of a simultaneous auction of 91, 357 day treasury bills (BAT) and 3, 5 and 7-year equivalent treasury bonds (OATs), the State of Côte d'Ivoire raised on Tuesday, October 1, 2024, the sum of 141.794 billion CFA francs on the financial market of

UEMOA.

Ivory Coast wants to fund its budget. He had put 145 billion CFA francs up for auction. He was offered by the investors a sum of 145.794 billion FCFA in submissions. This gives a coverage rate of 100.55% for the amount put up for auction. The amount of tenders accepted is 141,794 billion FCFA and that rejected 4 billion FCFA. This corresponds to an absorption rate of 97.26%

.

Vouchers will be paid on the first business day following the due date set to December 31, 2024 for those of 91 days and September 23, 2025 for those of 91 days and September 23, 2025 for those of 357 days. As for interest, they are payable in advance and deducted from the nominal value of the vouchers

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