BEAC raises CFAF 275 billion in cash for its money market



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Posted on
04.07.2018 at 23:18
by
APA

The Bank of Central African States (BEAC) solicited and collected, on Wednesday, 275 billion FCFA at the end of a fundraising operation by tender to provide liquidity to the sub-prime money market. Regional, informs the issuing institute.In total, the operation, open to a maximum of 5 offers per bidder, received 34 submissions for a participation rate of about 123.51% and a weighted average rate of award of 3.28%.

The BEAC, it is recalled, had already, after three invitations to tender of the same type launched between June 12 and 26, lifted a total of 845 billion FCFA intended the supply of liquidity to the subregional money market for subscription rates of 41.67%, 109.10% and 114.17% respectively.

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