The Treasury of Burkina Faso received on June 18, 2025, in the financial market of the West African Economic and Monetary Union (WAEMU), an amount of 32.999 billion CFA francs (59.399 million dollars) following a simultaneous auction of Treasury assimilable bills (BAT) with a maturity of 364 days and Treasury assimilable bonds (OAT) of 3, 5, and 7 years.
According to UMOA-Titres, the organizer of the operation, this issuance of bills and OAT in all WAEMU member countries aims to mobilize the savings of individuals and legal entities in order to cover the financing needs of the State budget of Burkina Faso. To this end, the issuer had put up for auction an amount of 30 billion CFA francs. It received total bids from investors of 39.529 billion CFA francs, representing a coverage rate of 131.77% of the amount put up for auction.
Out of the total bids, the Burkinabe Treasury retained 32.999 billion CFA francs and rejected the remaining 6.530 billion CFA francs, representing an absorption rate of 83.48%.
The weighted average yield is 9.26% for BAT, 8.01% for 3-year OAT, 8.45% for 5-year OAT, and 8.31% for 7-year OAT.
The repayment of the issued bills will be made on the first working day following the maturity date set for June 17, 2026. The payment of interest will be made in advance and deducted from the face value of these bills, which is one million CFA francs.
As for the repayment of the principal of the OAT, it will be made on the first working day following the maturity date set for June 19, 2028 for 3-year bonds, June 19, 2030 for 5-year bonds, and June 19, 2032 for 7-year bonds. The payment of interest will be made annually at a rate of 6% for 3-year bonds, 6.20% for 5-year bonds, and 6.40% for 7-year bonds, starting from the end of the first year.
Based on UMOA-Titres data, the total 2025 issuance of public securities from Burkina Faso on the WAEMU financial market as of June 18, 2025, amounts to 540 billion CFA francs, representing 8.23% of the overall volume of issuances from WAEMU countries. The amount of capital repaid is 243 billion CFA francs and the amount of interest paid is 76 billion CFA francs.
