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Find all the economic and financial information on our Orishas Direct application to download on Play StoreThrough its Public Treasury, the State of Côte d'Ivoire raised on September 14, 2021, an amount of 66 billion FCFA. This was at the end of its simultaneous issuance of Treasury bills and recovery bonds (ORD) with maturities of 91 days, 5 years and 7 years organized in partnership with the Agence UMOA-Titres based in Dakar.
After the auction, the UMOA-Titres agency listed 176.556 billion FCFA in overall bids from investors out of a total auction amount of 60 billion FCFA. The coverage rate of the amount auctioned is thus 294.26%. Of the total amount of bids, the issuer withheld 66 billion FCFA and rejected the remaining 110.556 billion FCFA, ie an absorption rate of 37.38%. The repayment of the capital of the 91-day BAT will take place on the first working day following the due date set at December 14, 2021. As for the payment of interest, it will be made in advance and deducted from the nominal value of the warrants, which is one million FCFA. Launched by the UMOA-Titres agency in collaboration with the Central Bank of West African States (BCEAO), the issuance of ODRs aims to enable the issuer to mobilize the savings of natural persons and morals with a view to ensuring the coverage of the financing needs of the Ivorian State budget within the framework of its economic recovery plans in order to contain the effects of the COVID-19 pandemic and restore pre-crisis performance sanitary.
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