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UEMOA financial market: Burkina raises 28.220 billion FCFA

20/08/2024
Source : ORISHAS-FINANCE
Categories: Index/Markets

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Au terme de son émission d' adjudication simultanée de bons assimilables du trésor ( BAT) of 363 days and equivalent treasury obligations (OAT) of 3 and 5 years, Burkina Faso has raised the Wednesday, August 14, 2024 on the UEMOA financial market the sum of 28.220

billion FCFA.

The Burkinabe government wants to finance its budget. The sum put up for auction was 30 billion FCFA. Investor submissions were valued at 30.225 billion FCFA, i.e. a coverage rate of the amount auctioned of 100.75%. The amount of tenders selected was 28.220 billion FCFA and that rejected at 2.005 billion FCFA, i.e. an absorption rate

of 93.37%.

Investors whose submissions were selected will end up with a weighted average return of 9.51% for good bonds, 9.43% for 3-year bonds and 8.59% for 5-year bonds.

The issuer will repay the bonds on the first business day following the due date set at August 5, 2027 for 3-year bonds and August 5, 2029 for 5-year bonds.

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