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WAMU financial market: Mali obtains 20.2 billion FCFA in support and resilience bonds

10/12/2021
Categories: Index/Markets

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At the end of its issue of assimilable Treasury bonds (BAT) called "support and resilience bonds", the State of Mali obtained on December 8, 2021 on the financial market of the West African Monetary Union (WAMU) an amount of 20.200 billion FCFA (30.300 million euros).

Launched by UMOA-Titres in collaboration with the Central Bank of West African States (BCEAO), the issue of support and resilience bonds with a maturity of 364 days targets all investors, both companies and individuals. wishing to usefully support the States of the zone. It is open to investors from the UEMOA space and OUTSIDE UEMOA. Thus, after the auction, UMOA-Titres listed 50.605 billion FCFA in overall bids out of an amount put up for auction by the issuer of 20 billion FCFA, ie a coverage rate of the amount put up for auction of 253.03%.

Of the total amount of bids, the Malian Public Treasury retained 20.200 billion FCFA and rejected the remaining 30.405 billion FCFA, ie an absorption rate of 39.92%. The issuer has undertaken to redeem the securities issued on the first business day following the maturity date set at December 7, 2022. However, interest is payable in advance and deducted from the nominal value of the warrants, which is one million FCFA.

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