Two lines of Benin Treasury bills, with a combined CFAF43 billion in face-value principal, mature on Thursday, 12 November 2026, on the UMOA regional government securities market. UMOA-Titres’ issuance schedules show that bills sold at separate auctions in May and August reach maturity on the same date.
The larger tranche came from the 13 August auction. Benin’s Treasury accepted CFAF33 billion in three-month bills, exceeding the CFAF30 billion it initially sought. Investors submitted CFAF74.658 billion in bids, while the weighted-average yield on accepted offers was 3.06%.
The remaining CFAF10 billion consists of six-month bills allocated at the 14 May auction, carrying a weighted-average yield of 3.56%. At that sale, the Treasury also accepted CFAF12 billion in a separate three-month tranche that matured in August.
The two November lines therefore have different tenors and placement terms but share a single maturity date. Under the UMOA-Titres terms, Treasury bill principal is repayable on the first business day after maturity. Interest is paid in advance and deducted from the bills’ face value when they are issued.