Benin: 22 billion FCFA raised on the Umoa-Titres market, operation details

The Beninese Treasury raised 22 billion FCFA in a bond auction, exceeding the initial target of 20 billion. The 91-day bonds saw a coverage rate of 804.73%, while the 182-day bonds reached 110%. Despite high demand, the Treasury limited its acquisitions, resulting in an overall absorption rate of 13.67%. Benin was the main beneficiary, followed by Togo, while other countries in the West African Economic and Monetary Union received no significant allocations.