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Find all the economic and financial information on our Orishas Direct application to download on Play StoreOn Wednesday, November 2, 2022, Mali raised 21.750 billion FCFA on the UEMOA financial market to finance its budget. This was after an issuance of 3-year and 7-year Treasury recovery bonds (ORD).
Overall bids reached 23.750 billion FCFA, after auction. The issuer had put 40 billion FCFA up to tender, giving a coverage rate of 59.38% for the amount put up for auction. The total amount of the rejected bids was 2 billion FCFA and the successful one was 21,750 billion FCFA. Investors whose bids were successful will end up with a weighted average return of 6.61% for 7-year bonds and 6.20% for 3-year bonds. On the first business day following the maturity date set for November 3, 2025, the 3-year bonds will be repaid and the 7-year bonds will be repaid on November 3, 2029. From the end of the first year, interest payments will be made at a fixed interest rate of 5.85% for 3-year ODRs and 6.25% for 7-year ODRs.
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