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Benin raises 82 billion FCFA

13/01/2021
Categories: Economy/Forex

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For its first loan in 2021, Benin collected 82 billion FCFA on the UMOA securities financial market.
According to the conclusions of the UMOA Agency, this loan was successful with a mobilization of 161 billion CFA francs through various submissions.
Beninese investors mainly showed their interest in this operation launched by the public treasury with more than 63 billion FCFA, followed by Ivorians and Burkina Faso with 21.7 billion and 21.5 billion FCFA.
These first bonds will be repaid on the first business day following the due date (In Fine repayment). Interest will be repaid annually at the fixed interest rate at the end of the first year

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