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UEMOA financial market: Côte d'Ivoire raises 148.499 billion FCFA

26/09/2024
Source : ORISHAS-FINANCE
Categories: Index/Markets

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On September 24, 2024, Côte d'Ivoire raised the sum of 148.499 billion CFA francs on the UEMOA financial market. This was at the end of its issuance of a simultaneous auction of 91 and 364-day treasury bonds (BAT) and equivalent treasury bonds (OATs) of 3, 5, 7 and

10 years.

The Ivorian State wants to ensure that the financing needs of its budget are covered. For this, he had put up for auction the sum of 135 billion FCFA. In return, investors made him global submissions of 158.607 billion FCFA. This gives a coverage rate of 117.49% for the amount put up for auction. The amount of tenders accepted is 148.499 billion CFA francs and that rejected 10 billion CFA francs, i.e. an absorption rate of 93.63%. Investors whose bids were selected have a weighted average return of 6.60% for 91-day bonds, 7.30% for 364-day bonds, 7.65% for 3-year bonds, 7.42% for 5-year bonds, 7.42% for 5-year bonds, 6.61% for 5-year bonds, 6.61% for 7-year bonds, 6.61% for 7-year bonds and 7.41% for 10-year

bonds.

The Public Treasury undertakes to repay the vouchers on the first working day following the due date set on December 24, 2024 for those of 91 days and on September 23, 2025 for those of 91 days and September 23, 2025 for those of 364 days.

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