The Recovery Bond (OdR) issuance program has raised a significant overall amount of CFAF 578.523 billion in two months. These auctions will support the economic recovery plans of the WAEMU States.

The WAMU-Securities agency in collaboration with the Central Bank of West African States (BCEAO) has launched the OdR program to support the economic recovery plans of the WAEMU States. In the first quarter of 2021, OdR auctions led to a significant overall fundraising of CFAF 578.523 billion in two months, against a forecast volume of CFAF 535 billion, with an overall coverage rate of the amounts put up for auction of 240.58%.
OdRs are Assimilable Treasury Bonds (OAT) issued by open auction. In more detail, 141.548 billion CFA francs were mobilized over the 3-year maturity, 193.016 billion CFA francs over 5 years and 243.958 billion CFA francs over 7 years. In terms of volume mobilized per issuer, Mali, Côte d'Ivoire and Burkina Represent respectively 131.798 billion FCFA, 110.020 billion FCFA and 88 billion FCFA.

Golgold and Senegal come in fourth and fifth place respectively for having mobilized 84 and 82.205 billion FCFA, Niger in sixth position with 66 billion FCFA raised and GuineaBissau in last position with an amount mobilized of 16.500 billion FCFA.
Togo was the first to issue OdRs on February 19 and is preparing for another issue on the Public Securities Market (MTP) on April 16.
Only Benin has not yet issued issues under the Recovery Bond issuance program due in large part to its recent international intervention at the beginning of the 2021 fiscal year.