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Benin will seek 75 billion on the WAMU market next Thursday

03/01/2021
Source : lanouvelletribune.info
Categories: Economy/Forex

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The government of Benin does not rest on the WAMU market. As since January 2020, the State of Benin remains active on the financial market in the sub-region. It is launching its first loan of the year 2021 on the UMOA-Titres financial market. The Beninese public treasury is looking for a total sum of 75 billion FCFA for this first operation of the year. According to the published UMOA-Titres agency, Benin is requesting this loan through assimilable treasury bonds (OAT) with an initial maturity of 36 months and 60 months; by open tender.

The interest rates are 5.90% per year for the 03-year maturity and 6.00% for the 05-year maturity. The nominal unit value is 10,000 FCFA. The redemption of these bonds will take place on the first business day following the maturity date (In Fine redemption). The interest will be reimbursed annually on the basis of the fixed interest rate and this, from the end of the first year. This first loan operation of 75 billion FCFA is the first of a total of 1,102.28 billion FCFA planned during the year 2021 by the Beninese State.

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