Benin’s international bond prices fell on Monday, with the 2052 maturity shedding as much as 1.8 cents to bid at 88.04 cents on the euro, following an attempted coup in the West African nation on Sunday.
The country’s president, Patrice Talon, announced that the government and armed forces had thwarted the coup attempt, led by a group of soldiers.
The attempted coup is the latest threat to democratic rule in the region, with militaries seizing power in several West African countries in recent years.
However, analysts view the swift resolution of the coup attempt as a positive, with Nigeria sending fighter jets to support Talon’s government and the regional bloc ECOWAS deploying troops to Benin.
