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UMOA financial market: Burkina Faso raises 38.499 billion FCFA

07/08/2024
Source : ORISHAS-FINANCE
Categories: Index/Markets

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Le vendredi 2 Last August, the Burkinabe State raised the sum of 39.499 billion CFA francs on the UEMOA financial market. This was at the end of its issuance of a simultaneous auction of 364-day treasury bills (BAT) and equivalent treasury bonds (OATs) of 3,

5 and 7 years.

To meet the financing of its budget, the State of Burkina Faso has put the sum of 35 billion CFA francs up for auction. Investor submissions were valued at 40.345 billion FCFA, i.e. a coverage rate of the amount put up for auction of 115.27%. The amount of tenders selected was 38.499 billion FCFA and that rejected at 1.846 billion FCFA remaining, i.e. an absorption rate of 95.42%. The issuer undertakes to repay the vouchers on the first business day following the due date of August 3, 2025. On the other hand, he will pay the interest in advance by precounting it on their nominal value. The issuer also undertakes to repay the bonds on the first business day following the maturity date set at August 5, 2027 for 3-year bonds, August 5, 2029 for 5-year bonds and August 5, 2031 for 7-year bonds

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