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UEMOA financial market: Mali raises 31 billion FCFA

07/11/2023
Source : ORISHAS FINANCE
Categories: Index/Markets

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On Monday 6 November, the Malian State obtained an amount of 30.790 billion FCFA from the UEMOA financial market. It was following a simultaneous issuance of auctions of 182 and 364 day equivalent treasury bonds (BAT) and 5-year equivalent treasury bonds (OAT), in order to meet the financing needs of

its budget.

L'émetteur a mis en auction of 30 billion FCFA. UMOA-Titres identified 30.840 billion FCFA in total tenders at the close of the transaction, representing a coverage rate of 102.80% of the amount put up for auction. The amount of successful tenders was 30.790 billion and the amount rejected was the remaining 50 million, representing an absorption rate of 99.84%. The issuer expects to repay the bonds on the first business day following the due date of May 6, 2024 for bonds with a maturity of 182 days and November 4, 2024 for those with a maturity of 364 days

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