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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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At the end of a simultaneous issuance of treasury bills (BAT) and assimilable treasury bonds (OATs) of 1 and 3 years, the State of Burkina raised an amount of 32.014 billion FCFA on the financial market of UEMOA . It was last Wednesday, January 17 in order to ensure that the financing needs of its budget were covered.

The Burkinabe State auctioned 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 out 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%.
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