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UEMOA financial market: Côte d'Ivoire obtains 208.017 billion FCFA from investors

11/12/2024
Source : ORISHAS FINANCE
Categories: Index/Markets

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After its simultaneous issuance of an auction of 91, 182 and 364-day Treasure Bonds (BAT) and 3.5 and 7-year Treasury Bonds (OATs) organized in partnership with UMOA-Titres, organized in partnership with UMOA-Titres, the State of Côte d'Ivoire obtained on December 6, 2024 from investors of the UEMOA financial market the sum of 208.017 billion FCFA

.

The State of Côte d'Ivoire wants to face the financing of its budget. The issuer had put 195 billion CFA francs up for auction. In return, it received global submissions of 208.597 billion FCFA. This corresponds to a coverage rate of 106.97% for the amount put up for auction. The amount of tenders accepted is 208.017 billion FCFA and that rejected at 580 million FCFA. This gives an absorption rate of

99.72%.

The repayment of vouchers issued is expected on the first business day following the due date set to March 9, 2025 for those of 91 days, June 8, 2025 for those of 182 days, and by December 7, 2025 for those of 364 days. Interest will be paid in advance and deducted from the nominal value of the vouchers

.
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