Benin is seeking 30 billion CFA francs on the financial market from 29 April 2021. To do this, it will simultaneously issue Recovery Bonds (ODRs) with maturities of 7 years and 10 years.

Benin will ODR with an interest rate of 5.8%. These bonds will be repaid on the first business day following the maturity date. Interest payments will be made in the first year. As for the 10-year OAT, the interest rate is 6.2% with a maturity set for March 30, 2031. The unit nominal value for both OAT is 10 thousand FCFA. The repayment of these bonds will be made on the first working day following the maturity date (In Fine repayment). Interest will be paid at the expected rate in the first year.
ODRs are actually Assimilable Treasury Bonds with maturities of 3 years, 5 years, 7 years, 10 years, 12 years or more, issued in 2021. With regard to the Benin operation, the 84-month OAT expires on 30 April 2028.