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Bond loan: The Public Treasury reimburses 4.550 billion FCFA of half-yearly interest on January 9, 2022

30/12/2021
Categories: Index/Markets

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As part of its bond loan called "TPBF 6.50% 2020-2028" for an amount of 4.550 billion FCFA, the Public Treasury of Burkina Faso (TPBF) will, on January 9, 2022, pay the half-yearly interest.

The general management of the Regional Stock Exchange (BRVM) announces that the State of Burkina Faso, through its General Directorate of Treasury and Public Accounting (DGTCP), had, during the period from February 27 to March 13, 2020 included, issued a bond on the regional financial market with the aim of mobilizing resources intended to finance growth-enhancing projects included in the National Economic and Social Development Plan (PNDES).

With the intention of mitigating the negative impact of the COVID-19 pandemic, supporting the resilience of the economy and promoting its recovery after the crisis born of this disease, the Head of State announced a series of measures including the establishment of a fund of 100 billion FCFA for the benefit of economic actors and in particular impacted companies and the informal sector. The bond loan also aimed to partially finance this capital mechanism for the resumption of Burkinabe economic activities.

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