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UEMOA financial market: Mali raises 35.249 billion FCFA

02/06/2023
Source : ORISHAS FINANCE
Categories: Index/Markets

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On Wednesday, May 31, the State of Mali raised 35.249 billion FCFA on the UEMOA financial market to cover its budget's financing needs. This was at the end of a simultaneous auction of 364-day Treasury Bonds (BAT) and 3- and 5-year equivalent Treasury Bonds (OAT) maturing 3

and 5 years.

An amount of 35 billion FCFA was put up for auction by the issuer. Investor submissions amounted to 36.506 billion FCFA at the end of the operation, representing a coverage rate of 104.30% of the amount put up for auction. The amount of the rejected bids was 1.257 billion FCFA, i.e. an absorption rate of 96.56%, while those accepted were 35.249 billion FCFA

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