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Guinea-Bissau: 11.936 billion FCFA collected at the end of its first issue of Treasury stimulus bonds

07/04/2022
Categories: Index/Markets

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Guinea-Bissau collects 11.936 billion FCFA during its first issue of Treasury Recovery Bonds (ORD) with a duration of 7 years.

Guinea-Bissau raised on April 5, 2022 on the WAEMU financial market the sum of 11.936 billion FCFA. The issuer had auctioned a total amount of 12.500 billion FCFA. According to UMOA-Titres, investors have offered it global bids of 26.241 billion FCFA. This gives a rate of coverage of the amount auctioned of 209.93%. The amount of accepted bids stood at 11.936 billion FCFA and that rejected at 14.304 billion FCFA. This gives an absorption rate of 45.49%. Investors whose submissions have been accepted will be reimbursed on the first business day following the due date of April 6, 2029.

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