The State of Côte d’Ivoire, through its Public Treasury, raised on June 22, 2021, an amount of CFAF 38.500 billion (€ 57.750million) following its simultaneous issuance of stimulus bonds ( ORD) of the Treasury with a maturity of 5 years and 12 years, organized in partnership with the UMOA-Titres Agency based in Dakar.
Launched by the UMOA-Titres agency in collaboration with the Central Bank of West African States (BCEAO), the issuance of ODRs aims to allow the issuer to mobilize the savings of individuals and moral standards in order to ensure the financing needs of the Ivorian state budget are covered as part of its economic recovery plans in order to contain the effects of the COVID-19 pandemic and return to pre-crisis performance sanitary. It mainly targets socially responsible investors but also companies or individuals wishing to support the economic recovery actions initiated by the States of the UEMOA zone.
After the auction, the UMOA-Titres agency listed 48.300 billion FCFA in global bids from investors out of an amount put out to tender by the issuer of 35 billion FCFA. This gives a coverage rate of the amount put out to tender of 138%. From the total amount of the bids, the issuer withheld 38.500 billion FCFA and rejected the remaining 9.800 billion FCFA, ie an absorption rate of 79.71%.
The repayment of the capital of the 5-year OATs will take place on the first working day following the maturity date set on June 23, 2026. As for the payment of interest, it will be made annually on the basis of an interest rate of 5.60 % from the end of the first year. As for the repayment of OATs with a 12-year maturity, it will take place on the first working day following the due date set on June 23, 2033. Concerning interest, their payment will be made annually on the basis of an interest rate of 5.90 % from the end of the first year.
