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WAMU financial market: Burkina Faso raises 32.719 billion FCFA

05/11/2021
Categories: Index/Markets

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Through its Directorate General of Treasury and Public Accounting, the State of Burkina Faso raised on November 3, 2021 on the financial market of the West African Monetary Union (UMOA) an amount of 32.719 billion FCFA (49.078 million euros). This was at the end of its issue of Treasury bonds (ORD) with a maturity of 3 years and 5 years organized in partnership with UMOA-Titres based in Dakar.

At the end of the auction, the officials of UMOA-Titres listed 86.432 billion FCFA out of an auction amount of 30 billion FCFA. This gives a coverage rate of the amount auctioned of 288.11%. Of the overall amount proposed by investors, the Burkinabe Public Treasury withheld 32.719 billion FCFA and rejected the remaining 53.713 billion FCFA, ie an absorption rate of 37.86%. The issuance of ODRs aims to enable the issuer to mobilize the savings of natural and legal persons in order to cover the financing needs of the Burkina Faso State budget as part of its recovery plans. economy in order to contain the effects of the COVID-19 pandemic and restore performance prior to the health crisis.

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