The State of Mali, through the National Directorate of the Treasury and Public Accounts, obtained on June 2, 2021 on the financial market of the West African Monetary Union (UMOA) an amount of 44 billion FCFA (131.697 million d ‘euros) following its simultaneous issuance of 5- and 7-year Treasury stimulus bonds (ORD) organized in partnership with the UMOA-Titres Agency based in Dakar.
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.
A strong enthusiasm was noted at the level of investors with 138.726 billion FCFA of global bids out of a total amount put out to tender of 40 billion FCFA. This gives a coverage rate of the amount put out to tender of 346.82%.
From the amount of the bids, the Malian Public Treasury retained 44 billion FCFA and rejected the remaining 94.726 billion FCFA, ie an absorption rate of 31.72%.
The repayment of the capital of the securities issued will take place on the first business day following the maturity date set on June 3, 2026 for 5-year ODRs and June 3, 2028 for 7-year ODRs.
As for the payment of interest, it will be made annually on the basis of an interest rate of 5.90% for 5-year ODRs and 6.15% for 7-year ODRs.
