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The Public Treasury of the State of Côte d'Ivoire raised on June 8, 2021, an amount of 66 billion FCFA (107.250 million euros) following its simultaneous issue of recovery bonds and bonds ( ORD) of the Treasury with maturities of 91 days, 5 years and 10 years. Organized in partnership with the Agence UMOA-Titres based in Dakar and the Central Bank of West African States (BCEAO), the issuance of The purpose of ODR 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 economic recovery plans in order to contain the effects of the COVID-19 pandemic and reconnect with pre-health crisis performance.
After the auction, the UMOA-Titres agency listed 147.124 billion FCFA in overall bids from investors out of an amount put up for auction by the issuer of 65 billion FCFA. This gives a coverage rate of the amount auctioned of 226.34%. Of the total amount of bids, the issuer retained 71.500 billion FCFA and rejected the remaining 76.624 billion FCFA, ie an absorption rate of 48.60%. The repayment of the capital of the 91-day BAT will take place on the first working day following the due date set at September 7, 2021. As for the payment of interest, it will be made in advance and deducted from the nominal value of the warrants, which is one million FCFA.
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