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WAMU: Benin raises CFAF 27.5 billion on the financial market

19/09/2022
Categories: Index/Markets

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On September 16, 2022, through the General Directorate of Treasury and Public Accounts, the State of Benin raised an amount of 27.5 billion FCFA (41.250 million D& rsquo; euros) on the West African Monetary Union (UMOA) financial market. It was at the end of its simultaneous Treasury recovery bond (ORD) issue of maturities 3 and 5.

After auction, UMOA-Titres received 51,884 billion FCFA in global bids from investors on an amount put up for auction by the issuer of 25 billion FCFA. The coverage rate of the amount put up for tender is 207.54%.

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