The State of Mali, through the National Directorate of the Treasury and Public Accounts, raised on May 19, 2021 on the financial market of the West African Monetary Union (UMOA) an amount of 65 billion FCFA (97.500 million euros) at the end of its simultaneous issuance of Treasury stimulus bond (ORD) with maturities of 3, 5 and 10 years.
This issue is the third of its kind after the 87.798 billion FCFA and the 44 billion FCFA raised respectively on February 24 and March 31, 2021.
ODR issues are initiated by the UMOA-Titres agency in collaboration with the Central Bank of West African States (BCEAO). They aim to allow the issuer to mobilize the savings of natural and legal persons in order to cover the financing needs of the Malian State budget as part of its economic recovery plans in order to contain the effects of the COVID-19 pandemic and reconnect with pre-health crisis performance. They target not only socially responsible investors but also companies or individuals wishing to support the economic recovery actions initiated by the States of the UEMOA zone.
After the auction, the UMOA-Titres agency listed 179.460 billion FCFA in global bids from investors for the amount put out to tender by the issuer of 65 billion FCFA. This gives a coverage rate of the amount put out to tender of 276.09%.
From the amount of the bids, the Malian Public Treasury retained 65 billion FCFA and rejected the remaining 114.460 billion FCFA, ie an absorption rate of 36.22%.
The repayment of the capital of the securities issued will take place on the first business day following the maturity date set on May 20, 2024 for 3-year ODRs, on May 20, 2026 for 5-year ODRs and on May 20, 2031 for 10-year ODRs. years.
As for the payment of interest, it will be made annually on the basis of an interest rate of 5.60% for 3-year ODRs, 5.90% for 5-year ODRs and 6.25% for ODRs. of 10 years.
