The State of Côte d'Ivoire, through its public treasury, raised on November 9,  2020 on the financial market of the West African Monetary Union (WAMU) an amount of 33 billion FCFA (49.500 million euros)  at the end of its issue by auction of assimilable treasury bonds  (BAT) of maturity 28 days.

The objective of this fundraising is to ensure the coverage of the financing needs of the State budget. During this month of November 2020, the intentions to issue public securities expressed by the Ivorian  authorities amount to 90 billion FCFA against 60  billion FCFA for the month of October.

At the close of the issue, the UMOA-Titres agency recorded 60 billion CFA francs of global bids made by investors for an amount put up for auction of 30 billion CFA francs. The coverage rate of the amount put out to tender is thus 200%.

On the amount of the bids, the Ivorian public treasury retained 33 billion FCFA and rejected the remaining 27 billion FCFA, i.e. an absorption rate of 55%. The weighted average rate was 1.98% and the marginal rate was 1.99%. As for the weighted average return, it stood at 1.98%.

The redemption of the bonds issued will be made on the first business day following the due date of December 7, 2020. Interest is payable in advance and deducted from the nominal value of the vouchers, which is one million FCFA.