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UEMOA financial market: Burkina raises 29.931 billion FCFA

17/02/2023
Source : ORISHAS FINANCE
Categories: Index/Markets

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At the end of a simultaneous broadcast of adjudication 182-day Treasury Bonds (BAT) and 5-year Treasury Equivalent Bonds (OAT), on Wednesday, February 15, 2023, Burkina raised 29.931 billion FCFA on the UEMOA financial market.

The issuer had put in 30 billion FCFA in auction . He was offered bids of 37.486 billion FCFA after adjudication, soit un taux covering the amount put in adjudication by 124.95%. The amount of rejected tenders is 7.555 billion FCFA, representing an absorption rate of 79.85%. The amount retained is 29.931 billion FCFA. Investors whose bids are successful will end up with a weighted average return of 6.85% for bonds and 4.65% for bonds. The country expects to repay the principal of the bonds on the first business day following the due date of August 16, 2023. From the end of the first year, interest fixed at 5.95% is payable annually.

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