Benin has successfully raised about 33 billion CFA francs from the regional financial market of West Africa.
The amount was raised through a short-term bond issuance maturing on November 6, 2025.
It forms part of Benin’s Treasury’s short-term financing strategy.
The government of Benin in an official report says the fund was raised through the issuance of 91-day Treasury Bills (BAT) via an auction held on Wednesday, August 7, 2025, within the West African Economic and Monetary Union (UEMOA) market.
Initially seeking 30 billion CFA francs, the auction was oversubscribed, with total bids reaching 64.967 billion CFA francs, representing a coverage rate of 216.56%.
The government ultimately accepted 33 billion CFA francs, resulting in a retained bid coverage rate of 110% and an absorption rate of 50.8%.
The weighted average yield stood at 5.20%, while the marginal rate was 5.24%.
A total of 14 participants submitted 20 bids, mostly from UEMOA member states. Benin itself offered 30.71 billion CFA francs, of which 18.424 billion CFA francs was retained.
Togo followed with 9.526 billion CFA francs accepted out of 15 billion CFA francs offered, while Senegal had 2 billion CFA francs retained from 10 billion CFA francs in bids. Mali and Niger each secured 1.525 billion CFA francs.
No bids were accepted from Cote d’Ivoire, Guinea-Bissau or Burkina Faso, despite submissions from the latter.
Source:Africa Publicity
