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UEMOA financial market: Burkina Faso raises 29.324 billion FCFA

15/03/2024
Source : ORISHAS-FINANCE
Categories: Index/Markets

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A la fin de son émission d' adjudication simultanée de bons assimilables du trésor (BAT) de 364 days and equivalent treasury obligations (OAT) of 3 and 5 years, the Burkinabe State raised the sum of UEMOA 29.324 billion FCFA on the financial market of. The fundraiser took place on Wednesday, March 13, 2024.

Burkina Faso wants to ensure that the financing needs of its budget are covered. The issuer auctioned 30 billion FCFA and after the operation obtained global tenders of 32.324 billion FCFA, giving the right to a coverage rate of the amount put out for auction of 107.75%. The amount of tenders accepted is 29.324 billion FCFA and that rejected at 3 billion FCFA, i.e. an absorption rate of 90.72%. Investors whose bids were selected will end up with a weighted average return of 9.60% for bonds, 9.56% and 8.30% for 3- and 5-year bonds

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