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WAMU financial market: Côte d'Ivoire raises 65 billion FCFA

17/06/2021
Categories: Index/Markets

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Under its simultaneous issuance of Treasury bills and stimulus bonds (ORD) with a maturity of 182 days and 3 years organized in partnership with the Agence UMOA-Titres based in Dakar, Côte d'Ivoire, through its Treasury Public, raised on June 15, 2021, an amount of 65 billion FCFA.

After the auction, the UMOA-Titres agency listed 153.555 billion FCFA in overall bids from investors out of an amount put up for auction by the issuer of 65 billion FCFA. This gives a rate of coverage of the amount auctioned of 236.24%. Of the total amount of bids, the issuer retained 65 billion FCFA and rejected the remaining 88.555 billion FCFA, ie an absorption rate of 42.33%. The repayment of the capital of the 182-day BAT will take place on the first working day following the due date set at December 14, 2021. As for the payment of interest, it will be made in advance and deducted from the nominal value of the warrants, which is one million FCFA.

The purpose of issuing ODRs is to enable the issuer to mobilize the savings of natural and legal persons in order to cover the financing needs of the Ivorian State budget within the framework of its recovery plans. economy in order to contain the effects of the COVID-19 pandemic and restore performance prior to the health crisis. It mainly targets socially responsible investors but also companies or individuals wishing to support economic recovery actions initiated by the States of the WAEMU zone.

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