Guinea-Bissau successfully raised 11 billion FCFA in a recent Treasury auction on the West African regional market.
The auction, which concluded on Wednesday, saw robust investor interest, with offers reaching 133.96% of the initial proposed amount, reflecting high confidence in Guinea-Bissau’s financial stability and its integration within the West African Monetary Union (WAMU) financial market.
The auction included three types of securities: 91-day and 364-day Treasury Bills and a 3-year Treasury Bond, providing investors with both short- and medium-term investment opportunities at a fixed interest rate of 6.25%.
With total bids amounting to 13.396 billion FCFA, the auction exceeded initial expectations, achieving an effective absorption rate of 82.11% for the 11 billion FCFA successfully raised.
This successful operation underscores the growing confidence in Guinea-Bissau’s economic outlook and the appeal of its offerings in the regional financial market.
