It finances the government budget. Successive issues can be added to the same security, a process known as reopening or assimilation. Repayment terms appear in the issue documents.
Treasury bond (OAT)
In a nutshell
An OAT is a medium- or long-term debt security issued by a government on the UMOA regional market.
On this page
Explained simply
A practical example
Hypothetical example: a government may borrow for five years and provide for an interest payment each year.
Further reading
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What this means
At a hypothetical 6% annual coupon, scheduled interest is CFA 6,000 a year before tax.
Educational scenarios. Amounts and rates are fictional, not current market conditions.