In October 2020, the BCEAO informed that the volume of resources raised on the regional financial market increased by 30.4 billion compared to the previous month, to 504.4 billion, including 213.1 billion in bonds and 291.3 billion in bonds.
And indicates that the UEMOA member states have continued their broadcasts on the regional financial market, with a view to raising resources to cover the financing needs caused by the Covid-19 crisis.
However, these states have refinanced their commitments on the first issues of Covid-19 vouchers, through a third phase of issuance of these vouchers.
This trend was linked to the increase, on a monthly basis, in the volume of treasury bill issues of 81.1 billion, attenuated by the decrease in bond issuances of 50.7 billion.
In annual variation, the Central Bank points out that the amount of public securities subscribed increased by 196.3 billion compared to its October 2019 level. “The emissions coverage rate was, on average, 234.5% in October 2020 compared to 169.7% a year earlier. Vouchers represented 42.3% of emissions,” insists the institution.
In the treasury bill compartment, rates fell from one month to the next. The weighted average interest rate was 2.98% in October 2020 compared to 3.83% the previous month. Before saying that it: “also came out down compared to October 2019 when it was 5.25%. ”
For bond issues, the average rate of return rose slightly to 6.18% compared to 6.17% the previous month. On the international capital markets, no Member State of the Union intervened during the month of October 2020