At the end of a simultaneous auction of treasury bills (BAT) with maturities of 182 and 355 days, as well as treasury bonds (OAT) with a 3-year maturity, Guinea Bissau raised an amount of 15 billion CFA francs (27 million dollars) on the West African Monetary Union (UMOA) financial market on Tuesday, June 17, 2025.
The issuer, aiming to finance its budget, had solicited investors by auctioning an amount of 15 billion CFA francs. Investors submitted a total of 39.027 billion CFA francs, resulting in a coverage rate of 260.18% of the amount auctioned.
Out of these submissions, 15 billion CFA francs were accepted and the remaining 24.027 billion CFA francs were rejected, resulting in an absorption rate of 38.43%.
The weighted average yield stands at 8.82% for the 182-day treasury bills, 9.17% for the 355-day bills, and 10.21% for the OAT.
The repayment of the issued bills is scheduled for the first working day following the maturity date set for December 16, 2025 for the 182-day bills and May 18, 2026 for the 355-day bills. Interest payments will be made in advance and deducted from the nominal value of the bills, which is one million CFA francs.
As for the repayment of the capital of the OAT, it will be made on the first working day following the maturity date set for March 25, 2028. Interest payments will be made annually based on the fixed interest rate of 6.25%, starting from the end of the first year.
According to UMOA-Titres data, the total amount of public securities issued by the State of Guinea Bissau through its Public Treasury in 2025 as of June 17, 2025, amounts to 155 billion CFA francs, representing 2.39% of the total volume of issuances made by all UMOA countries. The amount of capital repaid by Bissau is 104 billion CFA francs, with interest payments totaling 12 billion CFA francs.
