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UEMOA financial market: 33 billion FCFA in the Malian Treasury

10/10/2022
Categories: Index/Markets

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On Wednesday, October 5, following a simultaneous issuance of Treasury Bonds (BAT) and Treasury Recovery Bonds (ORD) with a duration of 182 days, 3 years, and Seven years ago, Mali's public treasury received 33 billion CFA francs on the UEMOA financial market.

The amount of the bids was $47.101 billion, giving a coverage rate of €30 billion that had been put up for auction of 157.00%. For its part, the total amount of bids rejected by the issuer is 14.101 billion FCFA and that retained is 33 billion FCFA, giving an absorption rate of 70.06%. Thus, the due date for the repayment of securities issued is April 5, 2023 for bonds, October 6, 2025 for 3-year bonds, and October 6, 2029 for 7-year bonds. As for bond interest, they will be paid at the end of the first year at a fixed interest rate of 5.85% for 3-year securities and 6.25% for 7-year bonds.

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