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UMOA financial market: Burkina raises 33 billion FCFA

17/05/2021
Categories: Economy/Forex

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The General Directorate of Treasury and Public Accounts of the State of Burkina Faso has raised 33 billion FCFA in treasury bills on the financial market of the West African Monetary Union (UMOA). It was May 10, 2021.

At the end of its issuance of exchangeable treasury bonds (BAT) with a maturity of 182 days, organized in partnership with the Dakar-based agency UMOA-Titre, Burkina raised 33 billion FCFA. This fundraising is part of the government's strategy to ensure that the financing needs of the state budget are covered.

For the second quarter of 2021, the intentions to issue public securities expressed by the Burkinabe government authorities total 300 billion FCFA compared to 150 billion FCFA for the first quarter of 2021, an increase of 150 billion FCFA. The weighted average return was 3.48% while the weighted average rate and the marginal rate were 3.42% and 3.50% respectively

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