- Treasury absorbs just 59% of bids to manage costs ahead of repayments
- Strong demand highlights confidence in Ivorian debt amid regional divergence
Abidjan, Côte d’Ivoire – Côte d’Ivoire raised CFAF 76.99 billion (about $133 million) in a Treasury auction on May 20, underlining its status as the most trusted sovereign issuer in the WAEMU regional debt market. The sale attracted bids worth CFAF 129.8 billion, equivalent to a 185% bid coverage ratio, though the Treasury accepted just 59% of offers in a bid to control borrowing costs.
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