Benin Raises 22 Billion FCFA in Oversubscribed UEMOA Bond Auction

Benin raised 22 billion FCFA on the regional UEMOA market, surpassing its initial target of 20 billion FCFA.  

The operation, involving 91-day and 182-day Treasury bonds, attracted strong investor interest, with total bids reaching over 160 billion FCFA, reflecting significant market confidence. 

Despite the high demand, the Treasury maintained a selective approach, accepting only a small portion of bids.  

Participation came from several regional countries, including Togo, Burkina Faso, and Senegal, highlighting sustained investor appetite for Beninese securities within the WAEMU zone. 

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