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Treasury bonds: Mali issues 25 billion FCFA on the financial market

26/10/2021
Categories: Index/Markets

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Mali is jointly organizing with Umoa-Titres a call for tenders for the sale of Treasury Recovery Bonds for an amount of 25 billion FCFA. The operation will take place on the financial market of the West African Economic Monetary Union (UEMOA), on October 27th.

The "Obligations de Relance OdR" aims to allow the issuer to mobilize the savings of natural and legal persons in order to cover the financing needs of the budget of the State of Mali within the framework of these recovery plans. economic recovery in order to contain the effects of the COVID-19 pandemic and restore performance prior to the health crisis. The nominal unit value of an “OdR Recovery Bonds” is ten thousand francs (10,000) and the value of the interest rate is 6.15%. Maturity is set for Saturday, October 28, 2028 and capital repayment will take place on the first business day following the maturity date. Interest will be paid annually at an interest rate of 6.15% per year from the first year.

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