Côte d’Ivoire has exceeded its fundraising target on the West African Monetary Union (UMOA) financial market, raising CFA88 billion through an auction of Treasury Bills and Bonds (BAT/OAT) against an initial target of CFA80 billion.
Investor demand remained strong throughout the operation, with total subscriptions reaching CFA121.6 billion, representing a coverage rate of 152 percent.
The Ivorian Treasury ultimately retained 110 percent of its target, rejecting CFA33.6 billion in bids that did not meet its criteria.
The issuance included a 364-day Treasury bill, a three-year Treasury bond and a five-year Treasury bond. Medium-term securities attracted the strongest interest from investors, with the three-year bond recording an absorption rate of 96.71 percent and a weighted average yield of 6.46 percent.
The five-year bond posted a yield of 7.12 percent, while the one-year Treasury bill generated more modest demand, with only 28.49 percent of bids accepted at an average rate of 3.57 percent.
Most subscriptions came from investors in Côte d’Ivoire and Benin, while Senegal recorded notable participation in the longer-term maturities. The settlement date for the operation has been set for June 3, 2026.
