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UMOA financial market: Benin receives 20.097 billion FCFA

04/04/2025
Categories: Index/Markets

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After a simultaneous issuance of an auction of assimilable treasury bills (BAT) with a maturity of 364 days and comparable treasury bonds (OATs) with a maturity of 3.5 and 7 years organized on 3 April 2025 at the level of the West African Monetary Union (UMOA) financial market organized on 3 April 2025 at the level of the West African Monetary Union (UMOA) financial market, the Beninese Public has collected a Treasury amount of 20.097 billion

FCFA.

The issuer had auctioned 20 billion FCFA and ended up with global bids of 80.286 billion FCFA. This corresponds to a coverage rate of 401.43% for the amount put up for auction.

The amount of tenders selected was 20.097 billion FCFA and that rejected was 60.189 billion FCFA. This gives an absorption rate of 25.03%

.

Investors whose submissions were selected will end up with a weighted average return of 6.61% for good bonds, 6.55% for 3-year bonds, 6.55% for 3-year bonds, 7.05% for 5-year bonds, 7.05% for 5-year bonds and 7.28% for 7-year bonds.

The Benin Public Treasury intends to repay the vouchers issued on the first working day following the due date set on April 2, 2026. On the other hand, interest payments will be made in advance and deducted from the nominal value of these vouchers

.

Regarding the repayment of the bonds, the issuer has undertaken to do so on the first business day following the due date set at January 17, 2028 for 3-year bonds, 21 March 2028 for 3-year bonds, 21 March 2030 for 5-year bonds and 21 March 2032 for 7-year bonds. Interest will be paid per year at a rate of 5.70% for 3-year bonds, 5.90% for 5-year bonds and 6.00% for 7-year bonds from the end of the first

year.
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