Listed bonds · Sovereign states

TPBJ 6,20% 2023-2038

TPBJ.O8 · ISIN BJ0000001954 · Direction Générale du Trésor et de la Comptabilité Publique · Benin · coupon 6.20% · maturity 2038 · annual coupon · constant amortisation

100.00 % of par last trade on 5 Nov 2026 Official bulletin no. 213

Key figures

Price (% of par)	100.00
Nominal outstanding per bond (XOF)	10,000
Accrued coupon per bond (XOF)	409.37
Dirty price (% of par)	104.09
Gross yield to maturity (%)	6.19
Weighted-average life (years)	5.84
Macaulay duration (years)	4.64
Modified duration	4.37
Next coupon	13 Mar 2027 · XOF 620.00 net
Final payment (DC/BR schedule)	13 Mar 2038
Sessions traded in a year	14
Value traded in a year (XOF m)	4,004.5

Price

Daily maximum: 2,794. Envelope: maximum per column, not a sum of sessions.

Price of traded sessions in % of the nominal outstanding, 27 Jun 2023 – 5 Nov 2026; value traded below

Yield

Gross yield to maturity (%) at each trade printed in a bulletin, 27 Jun 2023 – 5 Nov 2026

Cash-flow schedule

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

DC/BR schedule of the whole issue: 15 payments, 12 still to come
No.	Date	Gross coupon (XOF m)	Principal (XOF m)	Outstanding after payment (XOF m)	Flow per 100
1	13 Mar 2024	5,456.0	5,866.7	82,133.3
2	13 Mar 2025	5,092.3	5,866.7	76,266.7
3	13 Mar 2026	4,728.5	5,866.7	70,400.0
4	13 Mar 2027	4,364.8	5,866.7	64,533.4	14.53
5	13 Mar 2028	4,001.1	5,866.7	58,666.7	14.02
6	13 Mar 2029	3,637.3	5,866.7	52,800.0	13.50
7	13 Mar 2030	3,273.6	5,866.7	46,933.4	12.98
8	13 Mar 2031	2,909.9	5,866.7	41,066.7	12.47
9	13 Mar 2032	2,546.1	5,866.7	35,200.1	11.95
10	13 Mar 2033	2,182.4	5,866.7	29,333.4	11.43
11	13 Mar 2034	1,818.7	5,866.7	23,466.7	10.92
12	13 Mar 2035	1,454.9	5,866.7	17,600.1	10.40
13	13 Mar 2036	1,091.2	5,866.7	11,733.4	9.88
14	13 Mar 2037	727.5	5,866.7	5,866.8	9.37
15	13 Mar 2038	363.7	5,866.8	0.0	8.85

Payment notices

BRVM notices for this line (3)
Payment	Ex-coupon	Subject	Notice
13 Mar 2026	12 Mar 2026	interest and principal	Notice no. 41
13 Mar 2025	11 Mar 2025	interest and principal	Notice no. 38
13 Mar 2024	11 Mar 2024	interest and principal	Notice no. 29

Terms of issue

Designation	Emprunt obligataire TPBJ 6,20% 2023-2038
Issuer	Direction Générale du Trésor et de la Comptabilité Publique
Security type	Obligations
Secondary market	Titres admis aux opérations du DC/BR
Indicative amount (XOF)	80,000,000,000
Amount raised (XOF)	88,000,000,000
Nominal value (XOF)	10,000
Number of securities	8,800,000
Issue price (XOF)	10,000
Effective date	13 March 2023
Gross rate (%)	6.20
Net rate (%)	6.20
Gross coupon (XOF)	620.00
Net coupon (XOF)	620.00
Periodicity	Annuel
Term	15 ans
Repayment	Amortissement constant de 1/7
Redemption price (XOF)	10,000
IRVM tax (%)	0
Registrar	SGI BENIN