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UEMOA: 19.208 billion FCFA in Mali's coffers

22/03/2024
Categories: Index/Markets

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On Wednesday, March 20, 2024, Mali issued a simultaneous auction of 91-, 364-day treasury bills (BAT) and equivalent 3-year treasury bonds (OATs). In the end, the country raised the sum of 19.208 billion CFA francs on the UEMOA financial market

.

In order to ensure the coverage of the financing needs of its budget, the State of Mali through its Public Treasury had tendered the sum of 25 billion FCFA. At the end of the operation, global tenders amounted to 25.791 billion FCFA. This gives a coverage rate of 103.17% for the amount put up for auction.

Regarding the bonds issued, the repayment of their capital will take place on the first working day following the due date set at March 21, 2027. Interest is payable annually at a rate fixed at 6.15% from the end of the first

year.
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