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UEMOA financial market: Mali raises 40.141 billion FCFA

16/06/2023
Categories: Index/Markets

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Mali raised 40.141 billion FCFA on the WAEMU financial market on Wednesday, June 14, 2023, following a simultaneous auction of 182-day and 364-day Treasury equivalent bonds (OAT) and 3-year equivalent treasury bonds (OAT). The objective is to ensure that the financing needs of its budget are covered.

The issuer auctioned 40 billion FCFA. In return, he received global submissions from investors of 41.491 billion FCFA. This corresponds to a coverage rate of 103.73% of the amount put up for auction

.

The total number of successful submissions was 40.141 billion (mainly at the bond level) and the rejected one at 1.350 billion. This gives an absorption rate of 96.75%. Investors whose bids were successful will end up with a weighted average return of 7.82% for 182-day bills and 8.14% for 364-day

ones.
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