The Malian government has successfully carried out a simultaneous issue of Treasury bills and bonds for a total amount of 30 billion FCFA, organized by UMOA-Titres.

A Successful and Highly Demanded Auction

The Malian government successfully completed a simultaneous issuance of Treasury bills and bonds totaling 30 billion FCFA (53 million USD), organized by UMOA-Titres. The operation, held recently, recorded a coverage rate of 101.77%, reflecting strong investor interest in Malian sovereign debt.

Three Financial Instruments Issued

This fundraising involved three types of instruments:

364-day Treasury bills (maturing June 2026)

3-year bonds (maturing June 2028)

5-year bonds (maturing June 2030).

The total bids received, amounting to 30.53 billion FCFA, were fully accepted, resulting in a 100% absorption rate.

Short-term Treasury bills accounted for the largest share with 20.01 billion FCFA, carrying a marginal rate of 8.80% and a weighted average yield of 9.35%. The 3-year bonds raised 10.345 billion FCFA with a marginal price of 92%, while the 5-year bonds attracted 175 million FCFA.

Strong regional participation

Geographically, subscriptions were dominated by Mali itself with 21.6 billion FCFA, followed by Burkina Faso (2.555 billion), Guinea-Bissau (2.65 billion), Senegal (1.405 billion), and Côte d’Ivoire (1.06 billion)

A Favorable Context for UEMOA States

This operation takes place in a context where member states of the West African Economic and Monetary Union (UEMOA) continue to rely on regional financial markets to finance their development and treasury needs. The securities’ value date is set for June 12, 2025.

Perspectives and Challenges

This auction confirms investors’ confidence in Mali’s ability to mobilize resources on the regional market despite the security and economic challenges facing the country. It also highlights the growing importance of the regional bond market as a sustainable financing lever for countries within the UEMOA zone.