The Burkinabe government has successfully raised 32.999 billion FCFA through a Treasury bill and bond auction organized by UMOA-Titres, slightly exceeding its initial goal of 30 billion FCFA.
The operation featured four financial instruments with maturities ranging from 364 days to seven years and achieved a coverage rate of 131.77%, attracting total bids of 39.529 billion FCFA, with an absorption rate of 83.48%.
The largest portion—18.46 billion FCFA—came from 364-day bonds maturing in June 2026, offered at a marginal rate of 8.70% and a weighted average yield of 9.26%.
The remaining 14.54 billion FCFA was raised through Treasury bonds (OATs): 3.36 billion at three years (6.00%), 3.76 billion at five years (6.20%), and 7.42 billion at seven years (6.40%), all fully subscribed.
A total of 21 participants joined the short-term bond segment, with 6 to 10 investors involved in the longer-term bonds. Significant participation came from regional investors, including Côte d’Ivoire (5.017 billion), Senegal (7.181 billion for short-term bonds), and Benin (199.5 million).
The funds will support Burkina Faso’s budgetary needs and development projects amid ongoing security challenges, with the securities set to be listed on the secondary market from June 19, 2025.
