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Côte d’Ivoire raises CFA60bln on WAEMU securities market

Thursday, 13 February 2020 14:38
Côte d’Ivoire raises CFA60bln on WAEMU securities market

(Ecofin Agency) - 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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ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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