The total projected volume of public securities issuances (treasury bills and bonds) by auction projected by the member countries of the West African Economic and Monetary Union (UMOA) financial market for the 2nd quarter of 2026 amounts to 3,076 billion CFA francs (5.536 billion dollars), according to the schedule established by UMOA-Titres based in Dakar.
According to the leaders of UMOA-Titres, this schedule aims to provide visibility on the dates of the upcoming public securities issuances, allow investors to anticipate and better plan their investment decisions, and ensure transparency and regularity in the financing operations of the Union’s member states.
In this regard, the note addressed to investors by Mrs. Oulimata Ndiaye Diassé, the director of UMOA-Titres, reports a total volume distributed in treasury bills for 1,050 billion CFA francs and in Treasury bonds for 2,026 billion CFA francs.
The total projected volume of issuances concerns all UMOA countries. Compared to the first quarter of 2026 where they amounted to 4,168 billion CFA francs, the public securities issuances projected by the States are decreasing by 1,092 billion CFA francs.
The amount of issuances, all instruments combined, varies from month to month. It is 1,119 billion CFA francs for April 2026, 977.4 billion CFA francs for May 2026, and 979 billion CFA francs for June 2026.
In terms of importance, Côte d’Ivoire remains the largest issuer of public securities with 980 billion CFA francs (237 billion in bills and 743 billion in bonds). This country is followed respectively by Senegal with 658 billion (210 billion in bills and 448 billion in bonds), Niger with 420 billion (205 billion in bills and 215 billion in bonds), Mali with 380 billion (120 billion in bills and 260 billion in bonds), Burkina Faso with 272.5 billion (63.70 billion in bills and 208.81 billion in bonds), Togo with 188 billion (75 billion in bills and 113 billion in bonds), Guinea Bissau with 95 billion (57.5 billion in bills and 37.5 billion in bonds) and Benin with 82 billion (82 billion in bills and zero bonds).
