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The financial market of UEMOA smiles again in Benin. The country has just collected 27 billion 500 million in this market while he had put up for auction 25 billion FCfa treasure equivalent bonds on Tuesday, July 10, 2018.
The amount collected far exceeds the country's forecast. In reality, the total amount of bids is 28 billion FCFA 624 million, but the selected bids are 27 billion 500 million. The hedging rate of the amount put out to tender is 114.50%. The marginal interest rate is estimated at 6, 3000% and the weighted average rate stagnates at 6, 2861%.
The securities issued are redeemable on the first business day following the due date fixed on Tuesday, July 09, 2019. Interest is payable in advance and pre-paid on the nominal value of the warrants, which is CFAF 1 million. [19659005]
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