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UEMOA financial market: Mali raised 25.955 billion FCFA in treasury bills and bonds

20/10/2023
Source : ORISHAS FINANCE
Categories: Index/Markets

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On Wednesday, October 18, the Malian State raised an amount of 25.955 billion FCFA on the UEMOA financial market. It was following a simultaneous issuance of the auction of 364-day treasury equivalent bonds (BAT) and 3- and 5-year treasury equivalent bonds (OAT), with the aim of covering the financing needs of

its budget.

The issuer, which auctioned off 25 billion FCFA and received global bids of 26.225 billion FCFA, representing a coverage rate of the auctioned amount of 104.90%. The amount of tenders selected by the Malian Public Treasury was 25.955 billion and the rejected amount was 270 million, representing an absorption rate of 98.97%. Vouchers are expected to be redeemed on the first business day following the due date of October 16, 2024

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