The issuance of similar Treasury bonds (ORD) with a 3-year maturity, launched on June 17, 2021 on the financial market of the West African Monetary Union (WAMU) by the State of Benin resulted in a total amount of 66 billion FCFA.

ODR issues are initiated by the UMOA-Titres agency in collaboration with the Central Bank of West African States (BCEAO). They are intended to enable the issuer to mobilize the savings of natural and legal persons with a view to covering the financing needs of the Benin State budget within the framework of its economic recovery plans in order to contain the effects of the COVID-19 pandemic and reconnect with pre-health crisis performance. They target not only socially responsible investors but also companies or individuals wishing to support the economic recovery actions initiated by the States of the WAEMU zone.

Investors strongly subscribed to the issue of assimilable Treasury ORDs with a 3-year maturity launched by the State of Benin, with a coverage rate of the amount put up for auction of 304.40%. At the end of the auction, the UMOA-Titres agency recorded 182.642 billion FCFA in overall bids from investors on the amount put up for auction by the issuer of 60 billion FCFA. Of the amount of these submissions, the Beninese Public Treasury withheld 66 billion FCFA and rejected the remaining 116.642 billion FCFA, ie an absorption rate of 36.14%. Reimbursement of the capital of the securities issued will take place on the first business day following the maturity date set at June 18, 2024. As for the payment of interest, it will be made annually on the basis of an interest rate of 5.20%.