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Bonds comparable to the treasury: Benin in search of 40 billion CFA francs

27/04/2022
Categories: Index/Markets

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Beini issues 40 billion CFA francs in Treasury Bonds (stimulus bonds) on April 28, 2022. The interest rate is 5.1% and the nominal unit value is 10,000 CFA francs.

 

Beini returns to the WAEMU financial market to  issue the sum of 40 billion CFA francs. These OAT mature in 5 years, on April 29, 2027 more precisely. These bonds will be repaid on the first business day following the maturity date. The interest payment of 5.1% per annum will be made in the first year. It should be noted that Benin is very active on the WAEMU financial market this year. Last month, on Thursday, March 31, more precisely, the country had raised 44 billion CFA francs at the end of Assimilable Treasury Bonds (OAT) which matures in 3 years, that is to say on April 1, 2025. The amount put out to tender was 40 billion CFA francs.

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