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UEMOA financial market: Burkina Faso raises FCFA 32.014 billion

19/01/2024
Source : ORISHAS FINANCE
Categories: Index/Markets

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On Wednesday, January 17, 2024, the State of Burkina raised an amount of 32.014 billion CFA francs on the WAEMU financial market. This was the result of a simultaneous issuance of 1- and 3-year treasury bonds (BAT) and equivalent treasury bonds (OATs), in order to ensure that the financing needs of its budget were covered

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The State of Burkina put up for auction an amount of 30 billion FCFA and the overall bids from investors amounted to 38.464 billion FCFA, i.e. a coverage rate of the amount put up for auction of 128.21%. The amount of tenders accepted is 32.014 billion FCFA and that rejected at 6.450 billion FCFA, i.e. an absorption rate of 83.23%. The repayment of the bonds is scheduled for the first business day following the due date set on January 18, 2027

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