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Treasury bills and bonds: only 30.01% coverage of the amount put up for auction

19/12/2022
Source : ORISHAS FINANCE
Categories: Rate

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On Wednesday, December 14, 2022, at the end of the broadcast by adjudication de bons de soutien et de résilience (BSR) d' une durée de 364 jours et d' obligations de relance (ODR) du trésor d' une durée de 3 ans organisée par le Trésor Public du Mali, il n' y a eu que 30,01% de taux de couverture du montant mis en Adjudication .

The total amount of bids registered by UMOA-Titre was 9.001 billion FCFA out of a request of 30 billion FCFA. The issuer retained the total amount of these bids, giving an absorption rate of 100%. For bonds and 6.13% for bonds, investors whose bids were successful will end up with a weighted average return of 3.63%. The issuer has undertaken to repay the bills issued on the first business day following the due date of 13 December 2023.

In addition, the bonds will be repaid on December 15, 2025. As for interest, their payment will be made in advance and deducted from their nominal value. However, from the end of the first year, bond payments will be made annually based on an announced fixed interest rate of 5.85%.

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