Côte d’Ivoire raises CFA60bln on WAEMU securities market
Thursday, 13 February 2020 14:38
Côte d’Ivoire successfully raised on February 11 a total of CFA60 billion (about $100 million) on the regional securities market through the issue of 12-month treasury bills (BATs) and 36-month fungible treasury bonds (OTAs). Initial target was CFA55 billion (about $31 million).
The country mobilized CFA22 billion (about $36.5 million) with BATs while CFA37.7 billion came from OATs making the exact amount of CFA59.7 billion.
On January 28, Côte d’Ivoire raised CFA60.85 billion on the market (about $102 million) with the issue of 3-month BATs and 36-month OATs. According to the issue schedule published by UMOA-Titres, the country is seeking CFA975 billion ($1.6 billion) for 2020.
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