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Ivorian public treasury mobilizes 1023 billion FCFA

27/09/2019
Source : APA NEWS
Categories: General Information

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Abidjan (Côte d'Ivoire) - The Ivorian Public Treasury has so far mobilized 1023 billion FCFA, or 77.5% of the annual target of 1320.6 billion FCFA, APA learned Thursday from an official source in Abidjan.

The information was given by Antoine Yobouët, Technical Advisor to the Director General of the Treasury and Public Accounting Jacques Konan Assahoré at a ceremony of the first listing of the loan two-tranche bond called TPCI 5.75% 2019-2026 and TPCI 2.23% 2019-2026.

This listing, organized in collaboration with the Regional Stock Exchange (BRVM) and the Management and Intermediation Companies (SGI), has dedicated the admission to the stock exchange of the securities resulting from this loan under the symbols TPCI. O31 and TPCI. O32.

The Ivorian Public Treasury is committed to modernizing the management of the State's debt through active management materialized by operations of repurchases, early repayments and reprofiling of public securities.

In 2019, two operations are planned. The first phase was successfully completed on May 3, 2019 for an amount of 157 billion FCFA. The second phase is scheduled for October 3 for an indicative amount of around 150 billion FCFA and concerns securities issued by auction, maturing in 2020 with a depreciation system.

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