Côte d’Ivoire successfully raised 109.999 billion CFA francs (about $177 million) in a Treasury bills and bonds auction on August 19, 2025, organized by Umoa-Titres, the regional public debt management agency. The government had initially targeted 100 billion CFA francs, but investor demand exceeded expectations, with total bids reaching 131.053 billion CFA francs an oversubscription rate of 131%.
The issuance covered four debt instruments, ranging from 364 day bills to 7-year bonds, with fixed coupon rates set between 5.45% and 5.95%. Investors will begin receiving returns from August 20, 2025, the official value date. Participation came overwhelmingly from Ivorian investors, who submitted more than 97% of total bids (127.75 billion CFA francs), while regional neighbors Benin and Mali contributed modest amounts.
The auction’s weighted average yields ranged from 6.61% to 7.42%, reflecting current regional market conditions. With an absorption rate of nearly 84%, the results highlight Côte d’Ivoire’s strong appeal to domestic savers and its ability to mobilize local capital to finance development projects and budgetary needs. This comes as West African governments continue to rely on regional debt markets to meet public financing demands amid tightening global credit conditions.
