Burkina raises 33 billion FCFA on the UEMOA financial market

Burkina raises 33 billion FCFA on the UEMOA financial market
Burkina raises 33 billion FCFA on the UEMOA financial market
The amount that was put up for tender was 30 billion FCFA. The amount of overall bids stands at 64.111 billion FCFA. This gives a coverage rate of the amount put up for auction of 213.71%.

The amount of tenders accepted is 33 billion FCFA and that rejected 31.111 billion FCFA. Which gives an absorption rate of 51.47%.

Investors whose bids have been accepted will find themselves with a weighted average yield of 7.11% for 91-day bonds, 8.70% for 364-day bonds, 8.96% for 3-year bonds, 7 .31% for those aged 5 and 8.00% for those aged 7.

Reimbursement of vouchers issued will be made on the first working day following the expiry date set at March 30, 2025 for those of 91 days and December 28, 2025 for those of 364 days. Payment of interest will be made in advance and deducted from the nominal value of the bonds.

The repayment of the capital of the bonds will be made on the first working day following the maturity date set at December 5, 2027 for those of 3 years, on December 30, 2029 for those of 5 years and on December 5, 2031 for those of 7 years. As for interest, it will be paid annually at a rate of 6% for 3-year bonds, 6.20% for 5-year bonds and 6.40% for 7-year bonds, from the end of the first year. .

Oumar Nourou

Senegal

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