The Malian government has launched an ambitious operation to mobilize 100 billion FCFA (approximately 15 million euros) on the financial market of the West African Economic and Monetary Union (UEMOA). This bond issuance, scheduled before the deadline of August 8, 2025, is part of the strategy to finance development infrastructure projects included in the national budget.
An operation backed by strong investor demand
Previous operations have shown significant investor interest in Malian public securities. For instance, a recent regional market raise allowed the mobilization of 38.5 billion FCFA with a coverage rate above 130%, reflecting strong demand from local and regional investors. This dynamic demonstrates confidence despite the security and economic challenges facing Mali.
Majority Participation from Malian Investors
In recent auctions, national investors accounted for about 70% of subscriptions, thereby strengthening the country’s domestic financing. The remainder comes from investors in neighboring countries such as Burkina Faso, Guinea-Bissau, Senegal, and Côte d’Ivoire. This trend reflects an increasing patriotic commitment to support government projects.
Attractive and Diverse Public Securities
The Malian state issues short-term Treasury Bills (BAT) with a one-year maturity and medium-term Treasury Bonds (OAT) of three and five years, with competitive interest rates ranging from 7.6% to 9.3% depending on the maturity. These yields, higher than in previous years, aim to attract a wide range of investors.
Objectives and Stakes of the Fundraising
This capital mobilization primarily aims to finance infrastructures necessary for Mali’s sustainable development. The country is rich in mineral and agricultural resources but faces security constraints and an urgent need to strengthen its economy. Raising funds on the regional market also helps reduce dependence on traditional external financing.
A regional market as a development lever
Using the regional financial market provides Mali with a stable platform to channel public and private savings within the UEMOA zone. The success of Malian bond issuances contributes to boosting investor confidence in the region and encourages other countries to follow the same path.
Mali’s positioning on the regional financial market demonstrates a determined strategy to meet its budgetary needs while consolidating integrated regional financing, a key factor for stability and economic growth in the West African region.
