The Government of Mali has successfully raised 43.999 billion CFA francs on the West African regional public securities market, surpassing its initial target of 40 billion CFA francs with a strong 153% coverage rate. Organized by UMOA-Titres, the auction drew 61.33 billion CFA francs in total bids across five security categories, ranging from one-year Treasury bills to 10-year bonds.
While 364-day bills attracted the most interest, they were selectively absorbed, while medium- and long-term bonds such as 5-year, 7-year, and 10-year maturities saw near or full uptake. Weighted average yields varied from 7.59% to 9.33%, with the 3-year bond recording the highest rate, reflecting perceived risk at that maturity.
Twenty investors from eight WAEMU countries participated, with Côte d’Ivoire making significant submissions alongside Mali, Senegal, Benin, and Togo.
The strong turnout and successful issuance highlight growing regional investor confidence in Mali’s financial instruments, despite ongoing political and security challenges.
The bonds mature between July 2026 and February 2035, and the operation aligns with Mali’s broader strategy to finance its budget through the WAEMU’s unified securities market, managed from Dakar.
