Search

Benin Caps Debt Issuance Despite Strong Investor Demand

Allen dreyfus Logo
© Allen Dreyfus
  • Treasury raises CFAF 20.1 billion, accepting only 25% of bids
  • Strategy contrasts with larger borrowing by regional peers

Benin raised CFAF 20.1 billion ($30.6 million) in its April 3 auction on the WAEMU regional debt market, deliberately limiting accepted bids despite attracting more than CFAF 80 billion ($122 million) from investors. The operation, covering maturities of one, three, five, and seven years, drew a subscription rate exceeding 400%, following an even stronger 600% coverage during the March 20 auction.

This article is free to read.

Sign up for free or sign in to continue
reading. Unlike our competitors, we don't force you to pay
to read the news but we do need your email address to
make your experience better.

Create your free account or sign in


Recent Business

A vibrant display of traditional dance in Botswana. Photo by Xitsundzuxo Himina @ Pexels
Why Botswana’s inflation surge signals wider risks for commodity economies
Read More »
Molten metal pouring from ladle in industrial foundry. Photo by Bence Szemerey @Pexels
Can Kipushi’s zinc boom in Congo redraw Africa’s commodity power balance?
Read More »
Bassirou Diomaye Faye, President of Senegal. Photo @ Office of President, Senegal/Facebook
Is Senegal drifting towards default as political rift deepens?
Read More »

Recent Politics

Urban Johannesburg, South Africa. Photo @ Pixabay
Can $1.5bn World Bank loan revive South Africa's stalled economy?
Read More »
Africa’s richest man, Aliko Dangote (middle) to expand oil refinery. Photo @ Dangote Website
Should regulators step in as Dangote controls Nigeria's petrol prices?
Read More »
Planes on the tarmac of an airport. Photo by Max Chen @ Pexels
Can Togo become West Africa’s aviation hub after going visa-free?
Read More »

Latest Posts

Latest news insights