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UEMOA financial market: Benin raises 40 billion FCFA francs

22/07/2025
Source : ORISHAS FINANCE
Categories: Index/Markets

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At the end of its 91-day auction of assimilable treasury bills (OATs) held on July 18, 2025, Benin raised the sum of 33 billion CFA francs on the UEMOA financial market. The government plans to ensure that the financing needs of its budget are covered.

The amount put up for auction by the issuer is 30 billion FCFA. At the end of the operation, it received global bids of 98.878 billion FCFA. This gives a coverage rate of the amount put up for auction of 329.59%.

The amount of successful bids was 33 billion and that rejected was 65.878 billion. This gives an absorption rate of 33.37%. Investors whose bids were selected will end up with a weighted average return of

5.34%.

The principal amount of the vouchers will be repaid on the first business day following the due date set on October 19, 2025. Interest is payable in advance and deducted from the nominal value of these

vouchers.
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