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Regional Stock Exchange: 1st listing of the "TPCI 5.90% 2021-2031" loan scheduled for December 21

08/12/2021
Categories: Index/Markets

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The first listing of the "TPCI 5.90% 2021-2031" loan was scheduled for December 21, 2021. The announcement was made by officials of the Regional Stock Exchange (BRVM).

In order to finance investments planned in the State budget for the year 2021, the State of Côte d'Ivoire, through its General Directorate of the Treasury and Public Accounting (DGTCP), had issued this loan bond with a maturity of 10 years. According to BRVM officials, the introduction procedure used for the first day of trading is the ordinary procedure with a reference price set at 10,000 FCFA. The first trading price will be determined by matching buy and sell orders.

The distribution of the bonds to the public at a price of 10,000 FCFA per security took place from November 04 to 05, 2021. At the end of this operation, 16,500,000 "TPCI 5.90% 2021-2031" bonds had been subscribed on the WAEMU regional financial market, for a total amount of CFAF 165 billion. The date of enjoyment of the securities issued had been set by the issuer at November 05, 2021.

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