In accordance with the issuance program recently published by the Dakar-based agency UMOA-Titres, the State of Burkina Faso raised 43.746 billion FCFA in recovery bonds on October 6, 2021 on the financial market of the Western Monetary Union. African (UMOA).

At the end of its issue of Treasury bonds (ORD) with 5-year and 7-year maturity organized in partnership with UMOA-Titres, the General Directorate of Treasury and Public Accounting of Burkina has raised an amount of 43.746 billion FCFA (65.619 million euros). At the end of the auction, it was listed 128.126 billion FCFA while the issuer requested 40 billion FCFA. This gives a coverage rate of the amount auctioned of 320.32%.

Of the overall amount proposed by investors, the Burkinabe Public Treasury withheld 43.746 billion FCFA and rejected the remaining 84.380 billion FCFA, ie an absorption rate of 34.14%. The securities issued will be redeemed on the first business day following the maturity date set at October 7, 2026 for 5-year ODRs and October 7, 2028 for 7-year ODRs. Regarding the payment of interest, it will be made from the end of the first year at a fixed interest rate of 5.80% for 5-year ODRs and 6.10% for 7-year ODRs. This operation aims to support the budget of the State of Burkina Faso as part of its economic recovery plans.