Benin has raised 33 billion CFA francs on the West African Monetary Union (UMOA) financial market following a Treasury bond auction, surpassing its initial target of 30 billion CFA francs.
The operation attracted strong investor interest, with total bids reaching 211.847 billion CFA francs, representing a coverage rate of over 706%.
Authorities retained 13 billion CFA francs on 91-day securities and 20 billion CFA francs on 182-day maturities, with an overall absorption rate of about 15.6%.
Weighted average yields stood at 4.61% for three-month bonds and 4.83% for six-month bonds.
The auction saw participation from investors across the region, particularly from Ivory Coast, Burkina Faso, Senegal, and Mali, highlighting sustained confidence in Benin’s securities within the regional market.
