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Finance

Benin will issue a USD 70 bond, with 6.25% interest

Wednesday, 26 August 2015 16:13

Benin will issue a FCfa 40 billion bond (USD 70.11 million) with 6.25% interest rate, on 27 August, announced the director of the Public Treasury, Job Olou, in a communiqué. This issuance will have a term of 5 years, the same source added.

The bond will be offered to investors in the CFA franc zone in units of FCfa 10,000 through a public auction organised by the Central Bank of West African States.

Benin has issued with success since 2006 many bonds on the West African regional market.

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