Côte d’Ivoire Raises CFAF 454 Billion in Record WAEMU Debt Auction

• Issue oversubscribed at 105.6 % despite modest rise in yields
• Abidjan retains credibility premium over regional peers Mali and Burkina Faso

Abidjan ,Côte d’Ivoire – Côte d’Ivoire’s Treasury collected CFAF 454.2 billion (€740 million) on 22 April, completing the largest single-day fundraising in its history on the West African Economic and Monetary Union market. The operation, which had sought CFAF 430 billion, drew CFAF 530 billion in bids and was fully absorbed, data from UMOA-Titres show.