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UMOA securities market: Burkina Faso raises 30 billion CFA francs

22/01/2025
Source : ORISHAS FINANCE
Categories: Index/Markets

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L During its first issue of the year 2025, held on January 15 on the UMOA securities market, the Burkinabe government raised 30 billion CFA francs (47 million dollars) . The issue was carried out through a joint issue of Treasury Bills and Assimilated Bonds (BAT/OAT), including a BAT (maturity of 364 days) and three OATs with maturities of 3

, 5 and 7 years.

Burkina had an initial objective of 30 billion FCFA (47 million dollars) and registered a global offer proposal worth 43.36 billion FCFA, i.e. a coverage rate of 144.55%. The country finally chose to mobilize 30 billion CFA francs, with the final absorption rate being set at 76.1%

.

According to information, the BAT raised 18.59 billion CFA francs, with a marginal rate of 9.38% and a weighted average return of 9.27%. The 3-year OAT brought in 5.31 billion FCFA at a marginal price of 9,070 FCFA, with a weighted average return of 9.48%. The 5-year and 7-year OATs brought in 8 billion FCFA and 1.1 billion FCFA respectively at marginal prices of 9,041 and 9,500 FCFA, with weighted average rates of 7.53% and 7.34%. The success of the Burkina Faso bond issue testifies to the confidence of investors in its fiscal instruments. By obtaining 30 billion CFA francs at favorable rates, the country strengthened its access to regional capital markets to support its development goals

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