Guinea-Bissau plans to issue public debt

8 July 2016

Guinea-Bissau plans to issue Treasury Bonds issued in the amount of 11 billion CFA francs (US$18.4 million), the public debt management agency of the West African Monetary Union (UEMOA) said in a statement.

The UEMOA – Securities Agency also said the public debt issue, scheduled for next Monday through an auction, has a maturity of three years paying an interest rate of 5.5 percent.

This is the second time in 2016 that Guinea-Bissau has raised funds by issuing public debt. The first time, in the amount of 12 billion CFA francs (US$20 million) took place in April.

This operation is part of a set of six issues of public debt scheduled for July in the UEMOA countries, which also includes Benin, Burkina Faso, Ivory Coast, Mali and Togo. (macauhub/GW)