The Ivorian government raised 40 billion FCFA through a 91-day Treasury Bill issuance on September 23, 2025, attracting bids worth 81.55 billion FCFA—more than double the amount offered.
The auction, which matures on December 23, 2025, recorded a coverage rate of 203.88%, highlighting strong investor confidence in Cote divoire’s sovereign signature on the West African Economic and Monetary Union (UEMOA) market.
A total of 16 participants submitted 27 bids, with Côte d’Ivoire accounting for the majority at 76.35 billion FCFA, followed by Benin with 5.1 billion, of which 2.1 billion was retained. Burkina Faso also contributed with 100 million FCFA, while other UEMOA countries did not participate.
Despite the heavy oversubscription, authorities limited retention to the planned 40 billion FCFA, representing an absorption rate of 49.05%.
The Treasury Bills carried a weighted average yield of 5.94%, a marginal rate of 6.0050%, and a weighted average rate of 5.8493%, reflecting prevailing money market conditions and regional investors’ confidence in Ivorian sovereign risk.
No allocations were made under Non-Competitive Operations, although 10 billion FCFA had been set aside for that option.
The fundraising supports ongoing treasury management and budgetary financing, offering investors a secure short-term investment instrument.
