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UEMOA: Ivory Coast receives 32.8 billion FCFA through its Public Treasury

23/12/2022
Source : ORISHAS FINANCE
Categories: Economy/Forex

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On Tuesday, December 20, 2022, the State of Côte d'Ivoire received the sum of 32.800 billion FCFA through its Public Treasury at the level of the UEMOA financial market. This was at the end of a simultaneous issuance of 12-month support and resilience bonds (BSR) and 3-year Treasury Recovery Bonds (ODR).

The management of UMOA-Titres announced that there were a total of 32.800 billion FCFA worth of investor submissions. Indeed, the amount put up for auction by the issuer was 35 billion FCFA, giving a coverage rate of 93.71% of the amount put up for auction. As for the amount of successful bids, it is 32.800 billion FCFA and all come from vouchers with an absorption rate of 100%.

Investors whose bids have been accepted will end up with a weighted average return of 3.61%, while the Ivorian public treasury intends to repay the capital of securities issued on the first business day following the due date of December 4, 2023.

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