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WAMU financial market: Mali raises 30 billion FCFA in stimulus bonds

16/07/2021
Categories: Index/Markets

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The State of Mali, was on the financial market of the West African Monetary Union (UMOA) on July 14, 2021. Through its National Directorate of Treasury and Public Accounting, it raised an amount of 30 billion FCFA in term of its issue of treasury recovery bonds (ODR).

After the auction, 68.029 billion FCFA of overall bids from investors were identified by the Agence UMOA-Titres out of the amount put up for auction by the issuer of 30 billion FCFA. This gives a rate of coverage of the amount auctioned of 226.76%. Of the amount of the bids, the Malian Public Treasury withheld 30 billion FCFA and rejected the remaining 38.029 billion FCFA, ie an absorption rate of 44.10%. Reimbursement of the capital of the securities issued will take place on the first business day following the due date set at July 15, 2026. As for the payment of interest, it will be made annually on the basis of an interest rate of 5.90%. The weighted average yield is 5.58%. As for the weighted average price and the marginal price, they are respectively at 1013 and 1010.

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