The General Directorate of Treasury and Public Accounting of Côte d'Ivoire was on the financial market of the West African Monetary Union (WAMU). This Tuesday, February 2, 2021, the country raised a sum of 71.5 billion FCFA. The issuer has put into auction a total amount of 65 billion FCFA. At the end of the operation, he found himself with 120.259 billion FCFA of global bids made by investors, i.e. a coverage rate of the amount put up for auction of 185.01%.
The public treasury of Côte d'Ivoire retained 71.500 billion FCFA on the amount of the bids and rejected the remaining 48.759 billion FCFA, i.e. an absorption rate of 59.46%.
The simultaneous issuance by auction of assimilable treasury bonds (BAT) is 182 days in maturity and assimilable treasury bonds (OAT) with a maturity of 3 years. The resources selected are intended to cover the financing needs of the State budget of Côte d'Ivoire.
The weighted average yield was 3.01% for TAOs. As for the weighted average rate and the marginal rate , they are 2.96% and 3.00% respectively. The refund of the bonds issued will be made on the first business day following the due date of August 3, 2021. On the other hand, the interest is payable in advance and deducted from the nominal value of the vouchers which is one million FCFA.
The weighted average yield on 3-year OAT stood at 5.82%. The weighted average price and the marginal price are 9915 and 9910 respectively. The securities will be repaid on the first business day following the due date of February 3, 2024. The annual interest rate is 5.50%.