The State of Benin has raised 44 billion FCFA, following its issue of treasury bonds (OAT) with a duration of 3 years launched this Thursday, March 31, 2022.

Benin obtained 44 billion FCFA from investors in the WAEMU financial market. According to UMOA-Titres, organizer of the OAT auction operation, out of an auction amount of 40 billion FCFA, this issuer was offered by investors overall bids of 95.567 billion FCFA, i.e. a coverage rate of 238.92%. The tenders retained by the Beninese Public Treasury amounted to 44 billion FCFA and those rejected to 51.567 billion FCFA. The absorption rate is thus 46.04%. The OATs issued will be redeemed on the first business day following the maturity date set for April 1, 2025.