Benin’s $59mn T-bill sale oversubscribed on West African yield hunt

• CFAF 33 billion raised in 91-day auction, more than double the offer in bids
• Move comes as Benin leans on international financing to cut domestic debt

COTONOU, BENIN – Benin raised CFAF 33 billion ($59 million) in a short-term debt sale, attracting more than twice its target in bids, in a sign of strong investor appetite even as the country turns to external borrowing.