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UEMOA financial market: Mali raises nearly 23 billion CFA francs

06/09/2024
Source : ORISHAS-FINANCE
Categories: Index/Markets

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On Wednesday September 4, 2024, the State of Mali raised on the financial market UEMOA the sum of 22.655 billion FCFA as a result of its simultaneous issuance of an auction of 364-day treasury bills (BAT) and comparable treasury bonds (OATs) of

3 and 5 years.

L'émetteur a was tendered for 25 billion CFA francs in order to meet the financing needs of its budget. That of global tenders is 26.240 billion FCFA. This gives a coverage rate of 104.96% for the amount put up for auction. The amount of tenders accepted is 22.655 billion FCFA and that rejected at 3.585 billion. This corresponds to an absorption rate of 86.34%. The Mali Public Treasury intends to repay the vouchers issued on the first working day following the due date set on September 3, 2025. Interest will be paid in advance and deducted from the nominal value of the vouchers

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