2023-08-14 18:32:28
Following its issue of assimilable treasury bonds (BAT) with a maturity of 91 days, organized on August 14, 2023 at the level of the financial market of the West African Monetary Union (WAMU), the Public Treasury of Côte d’Ivoire raised a amount of 33 billion FCFA (56.100 million dollars). This issue aims to cover the financing needs of the State budget.
The issuer, which had auctioned 30 billion FCFA, was offered by investors overall bids of 85.769 billion FCFA, representing a coverage rate of the amount auctioned of 285.90%.
On the amount of the bids, the issuer retained 33 billion FCFA and rejected the 52.769 billion FCFA. This gives an absorption rate of 38.48%.
The warrants issued are redeemable on the first business day following the maturity date set at November 14, 2023. As for interest, it is payable in advance and deducted from the nominal value, which is one million.
According to data from UMOA-Titres, as of August 11, 2023, the cumulative issuance of public securities by the Ivorian authorities amounts to 1,722 billion FCFA at the rate of 1,229.50 billion treasury bills and 492.25 billion in treasury bonds. Repayments made by Abidjan amount to 919 billion and interest to 132 billion.
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