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Find all the economic and financial information on our Orishas Direct application to download on Play StoreOn Tuesday, June 22, 2021, the State of Côte d'Ivoire, through its Public Treasury, raised an amount of 38.500 billion FCFA on the regional financial market. This was at the end of its simultaneous issue of Treasury bonds (ORD) with 5-year and 12-year maturities organized in partnership with the Agence UMOA-Titres based in Dakar.
After the auction, the UMOA-Titres agency listed 48.300 billion FCFA in overall bids from investors out of an amount put up for auction by the issuer of 35 billion FCFA. This gives a coverage rate of the amount auctioned of 138%. Of the total amount of bids, the issuer retained 38.500 billion FCFA and rejected the remaining 9.800 billion FCFA, representing an absorption rate of 79.71%. The repayment of the capital of the 5-year OATs will take place on the first business day following the maturity date set at June 23, 2026. As for the payment of interest, it will be made annually on the basis of an interest rate of 5.60 % and this, from the end of the first year. As for the repayment of OATs with a maturity of 12 years, it will take place on the first business day following the maturity date set at June 23, 2033. Concerning interest, their payment will be made annually on the basis of an interest rate of 5.90 % and this, from the end of the first year. It should be recalled that the purpose of issuing ODRs is to enable the issuer to mobilize the savings of natural and legal persons in order to cover the financing needs of the Ivorian State budget within the framework of its plans. economic recovery plan in order to contain the effects of the COVID-19 pandemic and restore performance prior to the health crisis.
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