At the end of a Treasury bill auction with maturities of 91 and 182 days organized on Thursday, April 16, 2026, the Benin Public Treasury collected an amount of 22 billion CFA francs (39.6 million dollars) on the West African Monetary Union (WAMU) financial market.
The amount put up for auction by the issuer was 20 billion CFA francs. After the auction, the total submissions from investors amounted to 135.826 billion CFA francs, representing a significant coverage rate of 679.13% of the amount put up for auction.
Out of the total submissions, the issuer retained 22 billion CFA francs and rejected the remaining 113.826 billion CFA francs, resulting in an absorption rate of 16.20%.
The weighted average yield stands at 3.60% for the 91-day Treasury bills and 3.90% for the 182-day Treasury bills.
The repayment of the issued Treasury bills will be made on the first working day following the maturity date set for July 16, 2026, for the 91-day securities and October 15, 2026, for the 182-day securities. Interest payments will be made in advance and deducted from the face value of the bills, which is one million CFA francs.
As of April 15, 2026, the total amount of public securities issued by Benin in 2026 amounts to 214 billion CFA francs, representing 4.42% of the total issuances made by the UAMU member countries, which amounts to 4,835 billion CFA francs. The amount of capital repaid by Cotonou stands at 123 billion CFA francs, and the amount of interest paid is 35 billion CFA francs.
