The State of Côte d'Ivoire, through its Public Treasury, raised on Tuesday, October 8, 2024 on the financial market of the West African Monetary Union (UMOA), an amount of 55.142 billion FCFA (93,741 million dollars), an amount of 55.142 billion CFA francs (93,741 million dollars) following a simultaneous auction of similar treasury bills (BAT) of 91 and 161 days and comparable 3- and 5-year treasury bonds

The issuer had auctioned the sum of 60 billion FCFA and received global tenders of 60.142 billion FCFA from investors (exclusively focused on bonds and 3-year bonds). This gives a coverage rate of 100.24% for the amount put up for auction.

The amount of tenders accepted is 55.142 billion FCFA and that rejected 5 billion FCFA. This corresponds to an absorption rate of 91.69%

Investors whose submissions were successful will end up with a weighted average return of 6.60% for 91 day bonds, 6.10% for 161-day bonds, 6.10% for 161-day bonds and 7.55% for 3-year bonds.

Vouchers are due on the first business day following the due date of January 7, 2025 for 91-day vouchers and March 18, 2025 for 161-day vouchers and March 18, 2025 for 161-day vouchers. Interest will be paid in advance and will be deducted from their nominal value

The repayment of the principal of the bonds will take place on the first business day following the due date set on October 9, 2027. On the other hand, interest payments will be made per year according to the announced fixed rate of 5.70% for 3-year bonds at the end of the first year