Guinea-Bissau raised on November 22, 2024 on the UEMOA financial market the sum of 11 billion FCFA following its simultaneous auction issue of assimilable treasury bonds (BAT) with a duration of 79 days, 352 days and assimilable treasury bonds (OAT) of 3 years.
This sum is intended to meet the financing needs of its budget. After auction, the issuer received global bids from investors of 12.669 billion FCFA while it requested 10 billion FCFA. This gives a coverage rate of the amount put up for auction of 126.69%.
The amount of bids accepted is 11 billion FCFA and that rejected is 1.669 billion FCFA. Which gives an absorption rate of 86.83%.
Investors whose bids are successful will end up with a weighted average yield of 9.35% for 79-day bills, 10.64% for 352-day bills and 10.16% for bonds.
The vouchers are refundable on the first working day following the expiry date set at February 11, 2025 for those of 79 days and November 11, 2025 for those of 352 days. On the other hand, interest is payable in advance and deducted from the nominal value of these bonds.
As for the bonds, the repayment of their capital will take place on the first working day following the maturity date set at November 13, 2027. Interest, set at 6.25% per year, is payable at the end of the first year.
Oumar Nourou
Senegal
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