The State of Côte d’Ivoire, through its General Directorate of the Treasury and Public Accounts, raised on August 3, 2021 an amount of 56.307 billion FCFA (84.460 million euros) on the financial market of the Union West African monetary (UMOA) at the end of its simultaneous issue by auction of assimilable treasury bonds (BAT) with a maturity of 91 days and 364 days.
These resources are intended to cover the financing needs of the Ivorian state budget. For the third quarter of 2021, the intentions of issuing government securities by auction expressed by the Ivorian authorities amount to CFAF 355 billion.
Out of a total amount put up for auction of 55 billion FCFA, the Ivorian public treasury ended up with 136.778 billion FCFA of global bids made by investors, that is to say a coverage rate of the amount put out to tender of 248.69%.
From the amount of the bids, the issuer withheld 56.307 billion FCFA and rejected the remaining 80.471 billion FCFA, ie an absorption rate of 41.17%.
The weighted average return was 2.50% for 91-day BATs and 4.08% for 364-day BATs. On the other hand, the weighted average rate and the marginal rate were respectively 2.48% and 3.92% for the BAT at 91 days and 2.50% and 4.00% for the BAT at 364 days.
The reimbursement of the issued vouchers will be made on the first working day following the expiry date of November 2, 2021 for 91-day proofs and August 2, 2022 for 364-day proofs. On the other hand, interest is payable in advance and deducted from the nominal value of the bonds, which is one million FCFA.
