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UEMOA financial market: Burkina raises 15.094 billion FCFA

15/12/2023
Source : ORISHAS FINANCE
Categories: Index/Markets

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Following a simultaneous auction of equivalent treasury bonds (BAT) with a duration of 91 and 364 days and equivalent treasury bonds (OAT) for 3 years, Burkina Faso raised an amount of 15.094 billion FCFA on Wednesday, December 13, 2023, on the financial market of UEMOA

.

15 billion FCFA was tendered by the issuer, which was offered bids of 15.166 billion FCFA, representing a coverage rate of 101.11% for the amount put up for auction. The amount of rejected tenders was 72 million FCFA, an absorption rate of 99.53%, and that of the accepted tenders was 15.094 billion FCFA. Investors whose bids are successful will end up with a weighted average return of 7.11% for 91-day bonds, 8.40% for 364-day bonds, and 8.31% for

bonds.
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