Guinea-Bissau raised this Tuesday, November 14, 2024 on the UEMOA financial market the sum of 11 billion FCFA at the end of its simultaneous auction issue of assimilable treasury bonds (BAT) with a duration of 182 days, 364 days and of assimilable treasury bonds (OAT) of 3 years.
After auction, the issuer received global bids from investors of 17.299 billion FCFA while it requested 10 billion FCFA. This gives a coverage rate of the amount put up for auction of 173%.
The amount of bids accepted is 11 billion FCFA and that rejected is 6.299 billion FCFA. Which gives an absorption rate of 63.59%.
Investors whose bids are successful will end up with a weighted average yield of 9.62% for 182-day bills, 10.49% for 364-day bills and 10.04% for bonds.
The vouchers are refundable on the first working day following the expiry date set at July 15, 2025 for those of 182 days and January 13, 2026 for those of 364 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 January 15, 2028. Interest is set at 6.25% per year and is payable at the end of the first year.
Oumar Nourou
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