The treasuries of the eight West African Monetary Union (WAMU) countries raised CFAF576.28 billion through securities auctions in October 2026, while repayments reached CFAF720.84 billion. According to monthly figures released by UMOA-Titres on 5 November, repayments exceeded new borrowing by CFAF144.56 billion in this market.

October debt cash flows

In CFAF billions

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October repayments exceeded new borrowing by CFAF144.56bn.

Source : UMOA-Titres, October 2026

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October debt cash flows (CFAF billions)
CategoryCFAF billions
Funds raised576.28
Repayments720.84

Funds raised fell 33.82% from September’s CFAF870.79 billion and 54.97% from CFAF1,279.71 billion in October 2025. Eleven auctions took place, compared with thirteen the previous month. Meanwhile, the average bid coverage ratio rose to 212.13% from 197.61%, meaning offers from investors averaged more than twice the amounts sought.

Treasury bonds (OAT) accounted for CFAF513.81 billion of October’s funds raised, compared with CFAF62.48 billion for Treasury bills (BAT). Since January, bond issuance has totalled CFAF8,377.02 billion against CFAF2,401.52 billion for bills.

Treasury bond and bill issuance

In CFAF billions

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The instrument figures total CFAF576.29bn due to published rounding (overall total: CFAF576.28bn).

Source : UMOA-Titres, October 2026

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Treasury bond and bill issuance (CFAF billions)
CategoryCFAF billions%
Treasury bonds (OAT)513.8189.16
Treasury bills (BAT)62.4810.84

Côte d’Ivoire and Senegal lead borrowing

Côte d’Ivoire raised CFAF275 billion in October, followed by Senegal (CFAF129.38 billion), Mali (CFAF77 billion), Burkina Faso (CFAF40 billion), Niger (CFAF39.91 billion) and Guinea-Bissau (CFAF15 billion). Benin and Togo held no auctions during the month, although they repaid CFAF47.72 billion and CFAF14.19 billion respectively to creditors.

Treasury funds raised by country in October 2026

In milliards FCFA

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Benin and Togo held no auctions in October. Rounded country figures sum to CFAF576.29bn.

Source : UMOA-Titres, October 2026

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Treasury funds raised by country in October 2026 (milliards FCFA)
Categorymilliards FCFA
Côte d’Ivoire275
Senegal129.38
Mali77
Burkina Faso40
Niger39.91
Guinea-Bissau15
Benin0
Togo0

As of 31 October, outstanding government securities issued through auctions stood at CFAF23,888.51 billion across the union, including CFAF7,470.56 billion for Côte d’Ivoire and CFAF1,003.59 billion for Benin. Over the first ten months of 2026, member states had raised CFAF10,778.54 billion and repaid CFAF9,622.14 billion in this market segment.