Benin set to issue FCFA40bn fungible treasury bonds
Saturday, 08 October 2016 19:11
Benin will issue on October 13, 2016, FCFA40 billion (about $68 million) in fungible treasury bonds, West Africa’s regional agency for debt planning UMOA-Titres revealed.
The bonds will mature on October 14, 2021.
Coming with an interest of 6%, the bonds will be offered to investors from the eight member-states of the West African Economic and Monetary Union, at FCFA10,000 each unit through a tender which will be organized by the Central Bank of West African States (BCEAO).
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