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WAEMU financial market: Guinea-Bissau raises CFAF 11.364 billion

28/07/2022
Categories: Index/Markets

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Under its recovery bond issue (ORD), Guinea-Bissau received 11,364 billion FCFA on Tuesday, July 26, 2022 on the UEMOA financial market.

The 5-year issue of ORD from the Trésor will be used by Guinea-Bissau to meet the financing needs of its budget. According to UMOA-Titres, there were 15,364 billion CFA francs in global submissions. The issuer had put 11 billion FCFA up to tender. This gives a coverage rate for the amount put up for auction of 139.68%. The total amount retained by the issuer is 11.364 billion FCFA and the amount rejected at 4 billion FCFA. This corresponds to an absorption rate of 73.97%.

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