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

30/05/2025
Source : ORISHAS FINANCE
Categories: Index/Markets

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Ivory Coast raised the sum of 82,500 billion FCFA on Tuesday, May 27, 2025 on the UEMOA financial market. It was at the end of its issuance of a simultaneous auction of 364-day treasury bonds and equivalent treasury bonds (OATs) of 3,

5 and 7 years.

Ivory Coast plans 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 submissions covered all securities except 5-year bonds. This corresponds to a coverage rate of 137.98% for the amount put up for auction.

The amount of tenders selected was 82,500 billion FCFA and that rejected was 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 of May 26, 2026. Interest will be paid in advance and deducted from the nominal value of the vouchers. It also intends to repay the principal amount of the bonds on the first business day following the maturity date set at May 28, 2028 for 3-year bonds and May 21, 2032 for 7-year bonds

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