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Similar Treasury Bonds: Benin Records Low Absorption Rate for Bids

19/04/2022
Categories: Index/Markets

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The issue of 7-year Treasury Assimilable Bonds (OAT), organized on April 14, 2022, by Benin resulted in a low absorption rate. Investor submissions were 21.10%.

       

At the end of the issue, the State of Benin retained 10,027 billion FCFA on global bids from investors of 47,527 billion FCFA. And put up for auction 40 billion FCFA. The amount of rejected bids amounts to CFAF 37,500 billion. As for the coverage rate of the amount put out to tender, it stands at 118.82%. Investors whose bids have been selected will end up with a weighted average return of 5.19%. The repayment of the capital will be made on the first working day following the due date set for February 4, 2029.

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