The State of Benin was on the financial market of the West African Monetary Union (WAMU) on May 27, 2021. Through the Directorate General of the Treasury and Public Accounting, it raised an amount of 66 billion FCFA at the end of its simultaneous issuance of the Treasury recovery bond (ORD) of maturity 3 years. After auction, the UMOA-Titres agency listed 170.805 billion FCFA of global bids from investors on the amount put up for auction by the issuer of 60 billion FCFA. This gives a coverage rate of the amount put out to tender of 284.68%. On the amount of the bids, the Beninese Public Treasury retained 66 billion FCFA and rejected the remaining 104.805 billion FCFA, i.e. an absorption rate of 38.64%.

The repayment of the capital of the securities issued will take place on the first working day following the maturity date of 28 May 2024. As for the payment of interest, it will be made annually on the basis of an interest rate of 5.25%. The weighted average return was 5.09%. As for the weighted average price and the marginal price, they are 1004 and 1002 respectively.

The issuance of the RDAs, initiated by the WAMU-Securities agency in collaboration with the Central Bank of West African States (BCEAO) aims to enable the issuer to mobilize the savings of natural and legal persons in order to ensure the coverage of the financing needs of the State budget of Benin within the framework of its economic recovery plans to contain the effects of the COVID-19 pandemic and return to pre-health crisis performance.