On November 29, 2020, the State of Benin, through its General Directorate of the Treasury and Public Accounts, will pay the semi-annual interest on its bond called TPBJ 6.50% 2018-2025 for an amount of 2.034 billion FCFA (3.051 million) euros).

During the period from 23 April to 22 May 2018, the State of Benin issued a bond issue through an open tender on the financial market of the West African Monetary Union (UMOA) for an amount of 60 billion FCFA with an interest rate Written; annual rate of 6.50%.

The amount mobilized, payable over 7 years including 3 years of deferral, was mainly intended to finance part of the investments provided for in the national investment programme for the year 2018.

The primary objective of the major projects of the Beninese State is to make Benin a pole of attraction for investment in accordance with a dynamic and modern economy, open to the world. Thus, aware of the infrastructure deficit in their country, the Beninese authorities had undertaken an intensive program of modernization and strengthening of infrastructures and spatial planning.

The projects financed by this bond were concentrated in sectors such as agriculture, tourism, transport and public works.