Benin collected on Thursday, January 16, 2020, the sum of 30 billion FCFA on the WAEMU financial market following its simultaneous issuance of an auction of assimilable treasury bills (BAT) with a duration of 182 days, 364 days a year and equivalent treasury bonds (OATs) of 36 months.

The issuer had auctioned 30 billion FCFA. After the auction, he was offered tenders of 78.358 billion FCFA. This gives a coverage rate of 261.20% for the amount put up for auction.

The amount of tenders selected was 30 billion FCFA and that rejected was 48.358 billion FCFA. This corresponds to an absorption rate of 38.29%

Investors whose submissions are selected by the Beninese Public Treasury will find themselves with a weighted average return of 6.79% for 182-day bonds, 6.96% for 182-day bonds, 6.96% for 364-day bonds and 6.79% for bonds.

Benin undertakes to repay vouchers on the first business day following the due date set at July 17, 2025 for those with a duration of 182 days and on January 15, 2026 for those with a duration of 182 days and January 15, 2026 for those with a duration of 182 days and January 15, 2026 for those of 364 days. For their part, interest is payable in advance and deducted from the nominal value of the vouchers

Bonds are expected to be repaid on the first business day following the due date set on January 17, 2028. Interest fixed at 5.70% is payable per year and at the end of the first