[Listed bonds](<https://brvmdata.com/en/obligations/>) · Sovereign states

# TPBJ 6,50% 2020-2028

**TPBJ.O3** · ISIN BJ0000001418 · Direction Générale du Trésor et de la Comptabilité Publique · Benin · coupon 6.50% · maturity 2028 · annual coupon · constant amortisation

100.00 % of par last trade on 28 Oct 2026 [Official bulletin no. 213](<https://www.brvm.org/sites/default/files/boc_20261109_2.pdf>)

 

## Key figures

|  |  |
| --- | --- |
| Price (% of par) | 100.00 |
| Nominal outstanding per bond (XOF) | 10,000 |
| Accrued coupon per bond (XOF) | 135.34 |
| Dirty price (% of par) | 101.35 |
| Gross yield to maturity (%) | 6.47 |
| Weighted-average life (years) | 1.29 |
| Macaulay duration (years) | 1.26 |
| Modified duration | 1.19 |
| Next coupon | 25 Aug 2027 · XOF 650.00 net |
| Final payment (DC/BR schedule) | 25 Aug 2028 |
| Sessions traded in a year | 20 |
| Value traded in a year (XOF m) | 23.3 |

Price and accrued coupon from the bulletin of 9 Nov 2026.

Yield at the trade of 28 Oct 2026 (price 100.00).

Gross yield to maturity (before IRVM tax), actual/365, annual compounding, on the remaining DC/BR flows; duration at the last-trade yield. [Method](<https://brvmdata.com/en/obligations/#methode>)

 

## Price

[Chart: TPBJ 6,50% 2020-2028 — Price 2020–2026]

[Chart: TPBJ 6,50% 2020-2028 — Value 1 yr (XOF m)]

Daily maximum: 1,045. Envelope: maximum per column, not a sum of sessions.

Price of traded sessions in % of the nominal outstanding, 20 Nov 2020 – 28 Oct 2026; value traded below

Every session comes from the official bulletin (BOC).

Bars: value traded per session, max XOF 1,045.0m.

 

## Yield

[Chart: TPBJ 6,50% 2020-2028 — Yield]

Gross yield to maturity (%) at each trade printed in a bulletin, 20 Nov 2020 – 28 Oct 2026

Same method as the bond board, at the date and price of each trade. bfin sessions left out (no accrued coupon or nominal).

 

## Cash-flow schedule

[Chart: Remaining flows per 100 of nominal on 9 Nov 2026: coupon and principal (total per date)]

Remaining flows per 100 of nominal on 9 Nov 2026: coupon and principal (total per date)

DC/BR schedule of the whole issue: 8 payments, 2 still to come

| No. | Date | Gross coupon (XOF m) | Principal (XOF m) | Outstanding after payment (XOF m) | Flow per 100 |
| --- | --- | --- | --- | --- | --- |
| 1 | 25 Aug 2021 | 7,150.0 | 0.0 | 110,000.0 |  |
| 2 | 25 Aug 2022 | 7,150.0 | 0.0 | 110,000.0 |  |
| 3 | 25 Aug 2023 | 7,150.0 | 18,333.3 | 91,666.7 |  |
| 4 | 25 Aug 2024 | 5,958.3 | 18,333.3 | 73,333.3 |  |
| 5 | 25 Aug 2025 | 4,766.7 | 18,333.3 | 55,000.0 |  |
| 6 | 25 Aug 2026 | 3,575.0 | 18,333.3 | 36,666.7 |  |
| 7 | 25 Aug 2027 | 2,383.3 | 18,333.3 | 18,333.3 | 56.50 |
| 8 | 25 Aug 2028 | 1,191.7 | 18,333.3 | 0.0 | 53.25 |

Whole-issue amounts as published by the DC/BR. Flow per 100: coupon and principal over the principal still due on 9 Nov 2026, the basis of the yield.

[DC/BR technical sheet](<https://dcbruemoa.org/fiche-technique/emprunt-obligataire-tpbj-650-2020-2028>)

 

## Payment notices

BRVM notices for this line (5)

| Payment | Ex-coupon | Subject | Notice |
| --- | --- | --- | --- |
| 25 Aug 2026 | 24 Aug 2026 | interest and principal | [Notice no. 232](<https://www.brvm.org/sites/default/files/20260810_-_avis_ndeg232_-_pmt_int._annuels_et_remb_cap_-_tpbj_650_2020-2028.pdf>) |
| 25 Aug 2025 | 21 Aug 2025 | interest and principal | [Notice no. 191](<https://www.brvm.org/sites/default/files/20250805-_avis_ndeg191_brvmdg_-_pmt_int._annuels_et_remb_k_-_tpbj_650_2020-2028.pdf>) |
| 25 Aug 2024 | 21 Aug 2024 | interest and principal | [Notice no. 190](<https://www.brvm.org/sites/default/files/20240812_-_avis_ndeg190_brvmdg_-_pmt_int._annuels_et_remb_k_-_tpbj_650_2020-2028.pdf>) |
| 25 Aug 2023 | 23 Aug 2023 | interest and principal | [Notice no. 161](<https://www.brvm.org/sites/default/files/20230803_-_avis_ndeg161_brvmdg_-_pmt_int_annuels_et_remb_partiel_de_cap-_tpbj_650_2020-2028.pdf>) |
| 25 Aug 2021 | 23 Aug 2021 | interest | [Notice no. 159](<https://www.brvm.org/sites/default/files/20210809_-_avis_ndeg159_brvmdg_-_pmt_int._annuels_-_tpbj_650_2020-2028.pdf>) |

Notices attached by the symbol in the file name when the payment date is on the line's calendar, else by rate, years, issuer and the payment date closest to the line's calendar.

 

## Terms of issue

|  |  |
| --- | --- |
| Designation | TPBJ 6,50% 2020-2028 |
| Issuer | Direction Générale du Trésor et de la Comptabilité Publique |
| Security type | Obligations dématérialisées |
| Secondary market | Titres admis aux opérations du DC/BR (marché de gré à gré) |
| Indicative amount (XOF) | 100,000,000,000 |
| Amount raised (XOF) | 110,000,000,000 |
| Nominal value (XOF) | 10,000 |
| Number of securities | 11,000,000 |
| Issue price (XOF) | 10,000 |
| Effective date | 25 August 2020 |
| Gross rate (%) | 6.50 |
| Net rate (%) | 6.50 |
| Gross coupon (XOF) | 325.00 |
| Net coupon (XOF) | 325.00 |
| Periodicity | Annuel |
| Term | 8ans |
| Repayment | Différé 2 ans, amortissement constant de 1/6 |
| Redemption price (XOF) | 10,000 |
| IRVM tax (%) | 0 |
| Registrar | SGI BENIN |

Sheet matched by the coupon calendar and the symbol; values as typed by the DC/BR.

[DC/BR technical sheet](<https://dcbruemoa.org/fiche-technique/emprunt-obligataire-tpbj-650-2020-2028>)

[Official bulletin no. 213](<https://www.brvm.org/sites/default/files/boc_20261109_2.pdf>)

---

[Canonical page](<https://brvmdata.com/en/obligations/tpbj-o3/>)

Data as of 9 November 2026 (latest published BRVM session).

Chart data: [Source tables](<https://brvmdata.com/en/donnees/#telechargements>).

## Sources for this page

- [Official bulletin no. 213 (9 Nov 2026)](<https://www.brvm.org/sites/default/files/boc_20261109_2.pdf>)
- [DC/BR — technical sheet BJ0000001418](<https://dcbruemoa.org/fiche-technique/emprunt-obligataire-tpbj-650-2020-2028>)
- [BRVM — payment notice (25 Aug 2026)](<https://www.brvm.org/sites/default/files/20260810_-_avis_ndeg232_-_pmt_int._annuels_et_remb_cap_-_tpbj_650_2020-2028.pdf>)