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UEMOA financial market: Mali raises 22 billion CFA francs

15/11/2024
Source : ORISHAS FINANCE
Categories: Index/Markets

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Au terme d' une émission d' adjudication 350-day Treasury Bonds (BAT) and 3-year and 5-year Treasury Bonds (OATs), Mali raised on Wednesday November 13, 2024 on the WAEMU financial market the sum of 22 billion FCFA

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The state wants to meet its needs to finance its budget. The Mali Public Treasury had put 20 billion CFA francs up for auction, according to UMOA-Titres. Global submissions from investors of 32 billion FCFA were listed. The latter focused only on short-term securities, namely bonds and 3-year bonds, i.e. a coverage rate of the amount put up for auction of 160%. The amount of successful bids was 22 billion and that rejected was 10 billion. This corresponds to an absorption rate of 68.75%. The repayment of the 3-year bonds is scheduled for the first business day following the maturity date set at 31 October 2027

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