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WAMU financial market: Burkina collects 31.981 billion FCFA

18/11/2021
Categories: Index/Markets

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Launched by UMOA-Titres in collaboration with the Central Bank of West African States (BCEAO), the issuance of support and resilience bonds has enabled Burkina to raise 31.981 billion FCFA on the financial market of WAMU.

The General Directorate of Treasury and Public Accounts of Burkina raised this November 17, 2021 on the financial market of the West African Monetary Union (WAMU) an amount of 31.981 billion FCFA (47.971 million euros). It was at the end of its issue of Treasury Bonds (BAT) called "support and resilience bonds" with a maturity of 364 days, organized in partnership with UMOA-Titres based in Dakar. After the auction, UMOA-Titres identified 68.031 billion FCFA in overall bids from investors out of an amount put up for auction by the issuer of 30 billion FCFA, ie a coverage rate of the amount put up for auction of 226.77%. Of the total amount of bids, the Burkinabe Public Treasury retained 31.981 billion FCFA and rejected the remaining 36.050 billion FCFA, ie an absorption rate of 47.01%.

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