- Auction draws nearly six times more bids than targeted amount
- Government rejects high yields, signalling tight borrowing strategy
Benin attracted strong investor demand in its most recent sovereign debt sale, raising CFA 21.99 billion ($36 million) in a regional bond auction that was nearly six times oversubscribed. The offering, held on 20 March, drew CFA 120.8 billion in total bids, reflecting ample liquidity in the West African debt market — but also increased issuer selectivity.
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