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Bonds and Recovery Bonds: Côte d'Ivoire collects CFAF 65 billion

04/08/2022
Categories: Index/Markets

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On Tuesday, August 2, 2022, Côte d'Ivoire obtained a sum of 65 billion FCFA from the UEMOA financial market to finance its budget. This was the result of a simultaneous issuance of auctions of 91-day treasury bonds (BAT) and 3- and 5-year treasury stimulus bonds (ODR).

The total amount of submissions received by the Ivorian State is 114.600 billion FCFA. This gives a coverage rate for the amount put up for tender of 176.31%. The successful bids amounted to 65 billion FCFA and those rejected to 49,600 billion FCFA. This gives an absorption rate of 56.72%.

BATs issued by Côte d'Ivoire are refundable on the first business day following the November 1, 2022 due date and interest ; ts payable in advance and deducted from the nominal value of the vouchers. As for the bonds, the issuer intends to repay them on the first business day following the maturity date set for 3 August 2025 for the 3-year bonds and on 3 August 2027 for the 5-year securities.

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