On August 24, 2021, the Public Treasury of Côte d’Ivoire raised 66 billion FCFA (99 million euros) following its simultaneous issuance of Treasury bills and stimulus bonds (ORD). maturity 91 days, 3 years and 5 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 210.516 billion FCFA in global bids from investors while the issuer had auctioned an amount of 60 billion FCFA. The coverage rate for the amount put out to tender is thus 350.86%.
From the total amount of bids, the issuer withheld 66 billion FCFA and rejected the remaining 144.516 billion FCFA, ie an absorption rate of 31.35%.
The repayment of the capital of the BAT will take place on the first working day following the due date fixed on November 23, 2021. As for the payment of interest, it will be made in advance and deducted from the nominal value of the bonds which is one million euros. FCFA.
Regarding the redemption of bonds, it will take place on the first business day following the maturity date set on August 25, 2024 for OATs with a 3-year maturity and on August 25, 2026 for OATs with a 5-year maturity. As regards interest, their payment will be made annually at the end of the first year on the basis of an interest rate of 5.50% for OATs with a 3-year maturity and 5.60% for OATs of maturity 5 years.
