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Find all the economic and financial information on our Orishas Direct application to download on Play StoreOn January 19, 2021, the State of Côte d'Ivoire, through its General Directorate of Treasury and Public Accounting, raised 33 billion FCFA (49,500 million euros) on the financial market of the West African Monetary Union (UMOA) following its issuance by auction of 182-day Treasury equivalent bonds (BAT).
Out of a total amount put up for auction of 30 billion FCFA, the Ivorian public treasury ended up with 69.009 billion FCFA in global bids made by investors. This corresponds to a coverage rate of 230.03% of the amount put up for auction. Of the amount of bids, the issuer retained 33 billion FCFA and rejected the remaining 36.009 billion FCFA, representing an absorption rate of 47.82%. The resources selected are intended to cover the financing needs of the budget of the State of Côte d'Ivoire.
The weighted average return was 3.04%. As for the weighted average rate and the marginal rate, they are both 2.99%. The repayment of the vouchers issued will take place on the first business day following the due date of July 20, 2021. On the other hand, interest is payable in advance and deducted from the nominal value of the bonds, which is one million FCFA
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