Côte d’Ivoire raised 18.72 billion CFA francs (about USD 30 million) through a Treasury bills and bonds auction held Monday on the West African Economic and Monetary Union (WAEMU) financial market, the country’s Treasury announced.
The government had initially sought 60 billion CFA francs, but accepted only a portion of the 82.22 billion CFA francs in total bids, resulting in an absorption rate of 22.77%. The auction was oversubscribed by 137.03%, with authorities rejecting 63.5 billion CFA francs in offers.
Out of four debt instruments offered, only two attracted investors. The 63-day Treasury bill raised 18.5 billion CFA francs at an average yield of 5.26%, while a three-year bond brought in 220 million CFA francs at a yield of 6.99%. The five-year and seven-year maturities received no subscriptions.
Investor participation came mainly from Côte d’Ivoire, which accounted for nearly 50 billion CFA francs in bids, followed by Togo and Senegal. Ultimately, only domestic bids were accepted. The securities will be issued on October 29, 2025.
