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UEMOA financial market: a sum of 21.750 billion CFA francs by Mali

07/11/2022
Categories: Index/Markets

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On 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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