Ivory Coast’s Treasury accepted CFA79.55 billion in five-year government bonds at an auction on Tuesday, 27 October 2026, accounting for nearly 85% of the CFA93.5 billion allocated across the operation, according to results published by regional debt agency UMOA-Titres.
The government offered CFA85 billion in Treasury bills and bonds. Investors submitted CFA151.15 billion across the four maturities, while the accepted total exceeded the initial target by CFA8.5 billion. Five-year bonds drew CFA82.05 billion of bids, of which CFA79.55 billion was allotted.
Five-year bonds dominate allocations
Accepted bids totalled CFA6.98 billion for three-year bonds and CFA6.97 billion for seven-year bonds. None of the CFA38 billion offered for 12-month Treasury bills was accepted. The five-year line therefore accounted for the overwhelming majority of securities allotted at this auction.
Investors obtained a weighted average yield of 7.04% on the five-year bonds, compared with 6.37% for three-year and 7.11% for seven-year bonds. The five-year yield differs from the annual coupon of 5.45%: the bonds were allotted at an average price below their CFA10,000 face value, lifting the yield for buyers.
A separate auction one week after the previous issue
Ivory Coast had already accepted CFA93.499 billion at a different Treasury auction on 20 October, against the same CFA85 billion target. Five-year bonds then offered a weighted average yield of 7.03%, according to figures from UMOA-Titres reported by Financial Afrik the following day. The 27 October transaction is a new issue with a nearly identical overall allotment, but a particularly high concentration in five-year securities.
The new securities are due to settle on 28 October. Principal on the five-year bonds falls due on 28 October 2031, with interest payable annually. For banks and institutional investors active in the West African Monetary Union’s public debt market, the auction figures establish the amount actually allotted and the financing terms secured by the issuer.