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UEMOA financial market: Côte d'Ivoire raises 82,500 billion FCFA francs

28/05/2025
Source : ORISHAS FINANCE
Categories: Index/Markets

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At the end of its issuance of a simultaneous auction of 364-day treasury bills and 3, 5 and 7-year equivalent treasury bonds (OATs), Côte d'Ivoire raised on Tuesday, May 27, 2025 on the UEMOA financial market the sum of 82,500 billion CFA francs.

Ivory Coast wants to meet the financing needs of its budget. For the needs of the operation, the Ivorian Public Treasury had put an amount of 75 billion CFA francs up for auction. In return, it received global bids of 103.485 billion FCFA from investors. These tenders covered all securities except 5-year bonds, i.e. a coverage rate of the amount put up for auction of 137.98%. The amount of tenders accepted is 82,500 billion FCFA and that rejected at 20,985 billion FCFA. This gives an absorption rate of 79.72%.
Investors whose bids were successful will end up with a weighted average return of 7.02% for bonds, 7.61% for 3-year bonds and 7.51% for 7-year bonds. The issuer undertakes to repay the vouchers issued on the first business day following the due date set on May 26, 2026. Interest will be paid in advance and deducted from the nominal value of the vouchers

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