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The objective of the sale due to start on Sept. 30 is to mobilize savings from individuals and companies to fund social infrastructure projects in Benin’s priority sectors.

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“The nominal value of each coupon of these Treasury Bills has been fixed at 10,000 CFA Francs, and will be redeemed at 5.5 percent interest within 36 months,” the statement said.

The West African Economic and Monetary Union is comprised of eight countries — Benin, Burkina Faso, Cote d’Ivoire, Guinea Bissau, Mali, Niger, Senegal and Togo. Enditem

Source: Xinhua

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