Public Management

Côte d’Ivoire raises CFA60.5bln on WAEMU securities market in new operation

Côte d’Ivoire raises CFA60.5bln on WAEMU securities market in new operation
Wednesday, 26 February 2020 14:41

In a new fundraising operation yesterday Feb 25, Côte d’Ivoire mobilized CFA60.5 billion on the WAEMU securities market through the issue of 3-month and 6-month treasury bills (BATs). Initial amount sought was CFA55 billion.

At the end of this operation, the country received CFA93.6 billion (about $155 million) in bids from investors, representing a 170% coverage rate. This makes about CFA180 billion (about $298.5 million) already mobilized by Côte d'Ivoire on the market since the year started, after only three operations.

According to the schedule of public securities issues made available by the UMOA-Titres agency, Côte d'Ivoire plans to raise a total amount of CFA975 billion (about $1.6 billion) this year. In 2019, the country was the largest borrower on this market with CFA1,095 billion (about $ 1.8 billion) mobilized.

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
World Bank opens first resident representation in Malabo, led by economist Juan Diego Alonso. Mandate focuses on inclusive growth, private-sector...
Nearly half of spending directed to social programs amid growth, financing pressures Lawmakers debate sustainability and external financing as...
The Central Bank reduces its policy rate to 9%, marking a ninth consecutive cut. Inflation remains contained at 4.5%, within the 2.5%–7.5% target...
Africa’s factoring volume rose from €21.6 billion in 2017 to €50 billion ($58.17 billion) in 2024. Afreximbank says the continent must...
Most Read
01

Camtel to launch Blue Money in 2026, entering Cameroon’s crowded mobile money market led by MTN Mo...

Cameroon: State Owned Telecommunication Company To Enter Mobile Money Market
02

Eritrea faces some of the Horn of Africa’s deepest infrastructure and climate-resilience gaps, lim...

AfDB Re-engages Eritrea With Strategy Focused on Infrastructure, Climate Resilience and Regional Integration
03

Huaxin's $100M Balaka plant localizes clinker production, saving Malawi $50M yearly in f...

Malawi: New $100M Cement Plant Targets Forex Crisis but Faces Energy Reality
04

Nigeria seeks Boeing-Cranfield partnership to build national aircraft MRO centre Project aims t...

Nigeria Pursues Boeing, Cranfield Partnership to Establish Aircraft Maintenance Center
05

Omer-Decugis & Cie acquired 100% of Côte d’Ivoire–based Vergers du Bandama. Vergers du Band...

Omer-Decugis & Cie Expands Mango Operations in West Africa
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.