The Malian government has raised 18.79 billion CFA francs from its latest Treasury bills and bonds auction, representing 93.98% of its 20 billion CFA target.
The operation attracted 23.09 billion CFA in bids, giving an overall coverage rate of 115.47%, though results varied widely across instruments. Short-term 364-day Treasury bills proved most attractive, securing 16.92 billion CFA in bids with a yield of 8.50%.
In contrast, three-year bonds drew 6.09 billion CFA in subscriptions with a 9.21% yield, while five-year bonds saw minimal demand, totaling only 75 million CFA from Burkina Faso.
Senegal emerged as the leading bidder with over 7 billion CFA on short-term bills, followed by Burkina Faso and Côte d’Ivoire. For three-year bonds, Senegal, Côte d’Ivoire, and Benin dominated demand.
Regional economic experts note that the strong interest in short maturities contrasts with reluctance for longer-term commitments, reflecting investor concerns about Mali’s economic and geopolitical context.
Despite the shortfall, the Treasury considers the auction a respectable result, underscoring both regional financial solidarity within the WAEMU zone and the growing challenges facing Mali’s public financing strategy.
