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UEMOA financial market: Mali raises 25.531 billion FCFA

22/09/2023
Source : ORISHAS FINANCE
Categories: Index/Markets

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The State of Mali raised an amount of 25.531 billion FCFA on the UEMOA financial market on Wednesday, September 20, 2023, in order to ensure the coverage of its budget's financing needs. This was at the end of a simultaneous issuance of the auction of one-year treasury equivalent bonds (BAT) and 3-year and 5-year treasury equivalent bonds (OATs)

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The issuer had auctioned off an amount of 25 billion FCFA and obtained global bids from investors of 25.531 billion FCFA, representing a coverage rate of the auctioned amount of 102.12%. The amount of the tenders selected corresponds to all the tenders, i.e. an absorption rate of 100%.

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