Ivory Coast: The public treasury raises 27,500 billion FCFA on the financial market of WAMU

The General Directorate of Treasury and Public Accounts of Côte d’Ivoire obtained Tuesday, August 20, 2019, an amount of 27,500 billion FCFA (or 41,250 million euros) on the financial market of the West African Monetary Union ( UMOA) at the end of its issuance of good equivalent of the Treasury (BAT) to 3 months, announced the head of the agency UMOA-Securities based in Dakar.

While he was looking for only 25 billion FCFA, the Ivorian public treasury ended up with 44.039 billion FCFA of global bids from investors at the end of the auction. This gives a coverage rate of 176.16%.

Finally, the issuer withheld CFAF 27,500 billion and rejected 16,539 billion CFA francs, representing an absorption rate of 62.44%.

The weighted average rate was 4.76% and the marginal rate was 4.80%. The weighted average return was 4.82%.

The issuer has committed to repay the securities on the first business day following the November 19, 2019 deadline.

As for the interest, they are payable in advance and pre-paid on the nominal value of the vouchers which is one million FCFA.

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