The Public Treasury of Burkina Faso raised 36.500 billion FCFA of treasury bonds on the financial market of the West African Monetary Union (UMOA). It was this Wednesday, January 05, 2022.

The State of Burkina Faso, through its General Directorate of Treasury and Public Accounting, raised an amount of 36.500 billion FCFA (54.750 million euros) at the end of its issue of assimilable treasury bonds (BAT) of maturity 364 days organized in partnership with UMOA-Titres based in Dakar.

Out of an overall auction amount of 35 billion FCFA, the issuer ended up with 45.037 billion FCFA in overall bids from investors, representing a coverage rate of the amount auctioned of 128.68%. After auction, the Burkinabe Public Treasury withheld 36.500 billion FCFA and rejected the remaining 8.537 billion FCFA, representing an absorption rate of 81.04%.

The weighted average return was 3.01%. The marginal rate is also at 3.44% against 2.92% for the weighted average rate. The redemption of the warrants issued will take place on the first business day following the due date set at January 4, 2023. On the other hand, interest is payable in advance and deducted from the nominal value of the warrants, which is one million FCFA.