{"id":471190,"date":"2021-05-11T13:14:19","date_gmt":"2021-05-11T13:14:19","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=471190"},"modified":"2021-05-11T13:14:19","modified_gmt":"2021-05-11T13:14:19","slug":"burkina-faso-raises-cfaf-33-billion-in-treasury-bills-on-the-umoa-financial-market","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2021\/05\/11\/burkina-faso-raises-cfaf-33-billion-in-treasury-bills-on-the-umoa-financial-market\/","title":{"rendered":"Burkina Faso raises CFAF 33 billion in treasury bills on the UMOA financial market"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p><strong>The State of Burkina Faso, through its General Directorate of the Treasury and Public Accounts, raised on May 10, 2021 on the financial market of the West African Monetary Union (UMOA) an amount of 33 billion FCFA (49.500 million d &#8216;euros) at the end of its issuance of 182-day assimilable treasury bonds (BAT) organized in partnership with the UMOA-Titre agency based in Dakar.<\/strong><\/p>\n<p>This fundraising is part of the Burkinab\u00e9 government&#8217;s strategy to cover the financing needs of the state budget. For the second quarter of 2021, the intentions of issuing public securities expressed by the Burkinab\u00e9 government authorities amount to a total of 300 billion FCFA against 150 billion FCFA for the first quarter of 2021, an increase of 150 billion.<\/p>\n<p>Out of a total auctioned amount of CFAF 30 billion, the UMOA-Titres agency listed 45.710 billion CFAF in global bids from investors, ie a coverage rate of the auctioned amount of 152.37%.<\/p>\n<p>After adjudication, the Burkinab\u00e9 Public Treasury retained 33 billion FCFA and rejected the remaining 12.710 billion FCFA, ie an absorption rate of 72.19%.<\/p>\n<p>The weighted average yield was 3.48% while the weighted average rate and marginal rate were 3.42% and 3.50%, respectively.<\/p>\n<p>The reimbursement of coupons issued by the Burkinab\u00e9 State will take place on the first working day following the due date set on November 8, 2021. On the other hand, interest is payable in advance and deducted from the nominal value of the coupons which is one million FCFA.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>The State of Burkina Faso, through its General Directorate of the Treasury and Public Accounts, raised on May 10, 2021 on the financial market of the West African Monetary Union (UMOA) an amount of 33 billion FCFA (49.500 million d &#8216;euros) at the end of its issuance of 182-day assimilable treasury bonds (BAT) organized in<\/p>\n","protected":false},"author":536282,"featured_media":471191,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11996],"tags":[12367,18245,16614,17593,17682,13261],"class_list":["post-471190","post","type-post","status-publish","format-aside","has-post-thumbnail","category-finance-en","tag-burkina-faso-en","tag-cfaf-33-billion","tag-financial","tag-financial-market","tag-the-umoa","tag-treasury","post_format-post-format-aside","pmpro-has-access"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Burkina Faso raises CFAF 33 billion in treasury bills on the UMOA financial market - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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