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OdR Recovery Bonds: Mali issues 80 billion FCFA on the financial market

19/02/2021
Categories: Economy/Forex

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As part of the revival of its economy, Mali will issue Treasury RECOVERY BONDS (OdR) on the West African Monetary Economic Union (UEMOA) market on February 24, through an auction. Covering an amount of 80 billion CFA francs. This fundraising has maturities of three years, five years and seven years

.

The West African regional debt planning agency UMOA-Securities announced in a statement that the submission date for Mali is Wednesday, February 24, 2021 at 10:30 UT, the deadline.
This issue aims to allow the issuer to mobilize the savings of natural and legal persons in order to ensure the coverage of the financing needs of the State budget of Mali as part of these economic recovery plans in order to contain the effects of the COVID-19 pandemic and return to pre-health crisis performance.
The OdR Recovery Bond mainly targets socially responsible investors but also companies or individuals wishing to support economic recovery actions initiated by the countries in the region.
Treasury Recovery Bonds are eligible for refinancing by the Central Bank under the conditions set by the Monetary Policy Committee and are tradable on the secondary market in accordance with Regulation No. 06/2013/CM/UEMOA

of 23 June 2013.
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