In Côte d’Ivoire, the financial issue of December 10, 2024, for 75 billion FCA, stood out for its diversity, offering a strategic range of five debt instruments.
On December 10, 2024, the State of Côte d’Ivoire carried out an issue of Treasury Bonds and Assimilable Bonds (BAT/OAT) on the financial market of the West African Economic and Monetary Union (UEMOA).
The auction, covering a total amount of 75 billion FCFA, was largely oversubscribed, with bids reaching 76.348 billion FCFA, i.e. a coverage rate of 101.80%. Of this amount, 68.698 billion FCFA were actually retained, representing an absorption rate of 89.98%.
The portfolio included two short-term Treasury Bills – one with a maturity of 182 days with an attractive fixed rate of 5.70%, and the other with a maturity of one year offering a slightly higher yield. higher by 5.90% –, supplemented by a particularly rich tranche of Assimilable Treasury Bonds (OAT).
These three OATs, spread over horizons of 3, 5 and 7 years, were structured with fixed rates of 6.00% and weighted average returns strategically oscillating between 6.62% and 7.62%, thus offering investors a range of products adapted to different risk profiles and investment horizons.
Ivory Coast took the lion’s share of this issue, capturing the majority of subscriptions, particularly for 5-year (33.706 billion) and 7-year (11.682 billion) OATs. Other countries in the region such as Benin, Burkina Faso, Senegal and Togo also participated to varying degrees.
ARD/te/Sf/APA
Senegal
