The State of Benin, through the General Directorate of the Treasury and Public Accounting, received on November 19, 2020 a total amount of 22 billion FCFA (33 million euros) at the end of its simultaneous issuance of assimilable treasury bonds (OAT) with maturity of 5 years and 7 years on  the West African Monetary Union (WAMU) Financial Market.
The amount raised is part of the Beninese government's strategy to cover the financing needs of the State budget. For the month of November  2020, the Beninese authorities' intentions to issue public securities amounted to 20 billion against 40 billion CFA francs in October.

Out of a total amount put up for auction of 20 billion FCFA, the agency UMOA-Titres, organizer of the issue,  has identified 71.901 billion FCFA of global bids from investors. This gives a coverage rate of the amount put out to tender by the tenders of 359.51%.

Of the total amount of bids, benin's public treasury retained 22 billion CFA francs and rejected the remaining 49.901 billion CFA francs, i.e. an absorption rate of 30.60%. The amount withheld by the issuer comes exclusively from the OAT at 7 years.

The securities issued will be repaid in full on the first business day following the maturity  date of October 9, 2027.