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Financial market: Burkina Faso raises 30.502 billion FCFA

23/06/2023
Categories: Index/Markets

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Following a simultaneous auction of 12-month treasury equivalent bonds (BAT) and 3 and 5-year treasury equivalent bonds (OAT), Burkina Faso raised, on Wednesday, June 21, 2023, an amount of 30.502 billion FCFA on the UEMOA financial market.

The issuer had auctioned 30 billion FCFA. After the auction, he was offered tenders of 31.502 billion FCFA. This gives a coverage rate of 105.01% for the amount put up for tender. The amount of the tenders selected was 30.502 billion FCFA and the rejected one billion FCFA. This corresponds to an absorption rate of 96.83%

.

Investors whose bids are successful will end up with a weighted average return of 8.33% for bonds, 8.56% for 3-year bonds, and 7.90% for 5-year bonds. Vouchers are redeemable on the first business day following the due date of June 19, 2024. As for interest, they are payable in advance and precounted on their

nominal value.
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