The State of Benin was on the West African Monetary Union (UMOA) financial market on May 27, 2021. Through the General Directorate of the Treasury and Public Accounts, it raised an amount of 66 billion FCFA at the end of its simultaneous issuance of a stimulus bond (ORD) from the Treasury with a maturity of 3 years. After an auction, the agency UMOA-Titres identified 170.805 billion FCFA in global tenders from investors out of the amount tendered by the issuer of 60 billion FCFA. This gives a coverage rate of 284.68% for the amount put up for auction. Of the amount of tenders, the Beninese Public Treasury retained 66 billion FCFA and rejected the remaining 104.805 billion FCFA, representing an absorption rate of

The capital of the issued securities will be repaid on the first business day following the due date of 28 May 2024. As for the payment of interest, it will be made annually on the basis of an interest rate of 5.25%. The weighted average return was 5.09%. As for the weighted average price and the marginal price, they stand at 1004 and 1002 respectively

The ODR issues, initiated by the UMOA-Titres agency in collaboration with the Central Bank of West African States (BCEAO), aim to allow the issuer to mobilize the savings of individuals and legal entities in order to ensure that the financing needs of the State budget of Benin are covered as part of its economic recovery plans in order to contain the effects of the COVID-19 pandemic and resume D& performances. rsquo; before the health crisis