Benin is seeking 30 billion CFA francs on the financial market as of April 29, 2021. To do this, it will simultaneously issue Recovery Bonds (ODR) with 7-year and 10-year maturities

Benin goes ODR with an interest rate of 5.8%. The repayment of these bonds will take place on the first business day following the due date. Interest will be paid in the first year. As for the 10-year OAT, the interest rate is 6.2% with a maturity date of March 30, 2031. The nominal unit value for the two OATs is 10 thousand FCFA. The repayment of these bonds will take place on the first business day following the due date (In Fine repayment). Interest will be paid at the scheduled rate starting in the first year.
ODRs are in reality Assimilable Treasury Bonds with maturities of 3 years, 5 years, 7 years, 10 years, 12 years or more, issued in 2021. As far as the Benin operation is concerned, the 84-month OAT expires on 30 April 2028