Côte d'Ivoire raises 44.120 billion FCFA on the financial market of the West African Economic Monetary Union (UEMOA). This fundraising follows a simultaneous issue of Treasury bills and stimulus bonds (ORD) with 91-day and 5-year maturities.

For the third time, the Ivorian Public Treasury raised on March 16, 2021 an amount of 44.120 billion FCFA (66.180 million euros) at the end of its ORD organized in partnership with the Agence UMOA-Titres based in Dakar.

The purpose of issuing ODRs is to enable the issuer to mobilize the savings of natural and legal persons in order to cover the financing needs of the Ivorian State budget within the framework of its recovery plans. economy in order to contain the effects of the COVID-19 pandemic and restore performance prior to the health crisis.

For this operation, the UMOA-Titres agency listed 90.120 billion FCFA in overall bids from investors while the issuer had auctioned an amount of 65 billion FCFA.

The Ivorian Public Treasury withheld 44.120 billion FCFA and rejected the remaining 46 billion FCFA, representing an absorption rate of 48.96%. The issuer has undertaken to repay the capital of the BAT on the first business day following the due date set at June 15, 2021.