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Mali: 27 billion FCFA raised on the UMOA market

18/01/2021
Categories: Economy/Forex

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The State of Mali has just raised an amount of 27.5 billion FCFA on the financial market of the West African Monetary Union (UMOA) at the end of its issuance of equivalent treasury bonds (BAT) with a maturity of 182 days, reports the Umoa-Titres Agency.
Out of a total amount put up for auction of 25 billion FCFA, the agency UMOA-Titres points out that the operation which took place on January 13, 2021 saw a global tender of 50.007 billion FCFA, i.e. a coverage rate of the amount put up for auction of 200.03%.
At the end of the auction, the Malian public treasury retained 27.500 billion FCFA and rejected the remaining 22.507 billion FCFA, representing an absorption rate of

54.99
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