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UMOA: Mali raises 25 billion FCFA in Recovery Bonds

11/11/2021
Categories: Index/Markets

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Through its National Directorate of Treasury and Public Accounting, Mali raised on November 10, 2021 at the level of the financial market of the West African Monetary Union (UMOA) an amount of 25 billion FCFA.

At the end of its issue of recovery bonds (ODR) from the treasury with a maturity of 10 years, the State of Mali was able to mobilize a sum of 25 billion FCFA. Of the amount of the bids, the Malian Public Treasury withheld 25 billion FCFA and rejected the remaining 19.236 billion FCFA, ie an absorption rate of 56.51%. Reimbursement of the capital of the securities issued will take place on the first business day following the due date set at November 11, 2031. As for the payment of interest, it will be made annually on the basis of an interest rate of 6.25%. The weighted average yield at 5.77%.

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