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Find all the economic and financial information on our Orishas Direct application to download on Play StoreOn Friday, October 7, 2022, Senegal's General Directorate of Public Accounting and Treasury collected 31.061 billion FCFA on the financial market of UEMOA. It was at the end of a simultaneous issuance of treasury recovery bonds (ODR) with a duration of 182 days and 7 years.
According to the report prepared by UMOA-Titres, organizer of the operation, global bids of 88.080 billion FCFA were received in the Treasury Board with 30 billion FCFA put up for auction by the issuer. The coverage rate of the amount put up for tender is 293.62%. On the other hand, the amount of the successful bids amounts to 31.061 billion FCFA and the amount rejected to the remaining 57,025 billion FCFA, giving an absorption rate of 35.26%.
Moreover, for a 5.94% bond bond, investors whose bids were successful will end up with a weighted average return of 2.83%. The repayment of the principal of the bonds will take place on the first business day following the due date set for October 10, 2029. From the end of the first year, interest payments will be made annually on the basis of the fixed interest rate of 5.85%.
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