The General Directorate of Treasury and Public Accounting proceeded, on September 12, 2019 in Ouagadougou, to the official launch of a bond loan of 75 billion CFA francs. Called "TPBF 6.5% 2019-2027", this bond issue was launched on the market of the West African Economic and Monetary Union (UEMOA), for a period of eight years, including two years deferred. The objective is to mobilize resources intended for the financing of growth-generating projects, within the framework of the PNDES.

Issued by the General Directorate of Treasury and Public Accounts, this CFAF 75 billion bond loan will be issued and listed on the WAEMU regional financial market by the Burkinabè Financial Intermediation Company (SBIF) with a maturity of eight years including two years deferred.

This present issue, the second of its kind, like the previous ones, aims to mobilize additional resources to finance the State budget in order to achieve the objectives pursued by the National Plan for Economic and Social Development (PNDES).

The total number of bonds is 7,500,000 units with a nominal unit value of 10,000 F CFA. The State undertakes to pay an annual interest rate of 6.5%, or 3.25% every six months.

The bond issue is open to natural and legal persons from WAEMU member countries, as well as to regional and international institutional investors. "This operation is not only a business opportunity but also a boon for businessmen to play their part in financing development in Burkina", underlined the director general of the treasury and public accounting, Célestin Santéré Sanon. .

The subscription period runs from September 12 to October 3, 2019 and interest is payable semi-annually from the date of entitlement to the securities. This operation has several advantages which are, among others, tax exemption for residents of Burkina Faso, the listing of the securities of the operation on the regional stock exchange (BRVM) as well as their admission to the refinancing of the BCEAO and the half-yearly repayment periods.

As with previous issues that have been successfully completed, Burkina Faso is once again counting on the support of development actors. Also, the State called on the SBIF, in view of the good results it achieved during previous loan issues. "With this operation, my structure intends to mobilize more than 75 billion CFA francs for the benefit of the Burkinabè State in order to support it and enable it to ensure the financing provided for by the 2019 finance law", suggested the Director General of SBIF, Alexis Lourgo.

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• Alexis Lourgo, Managing Director of SBIF

Burkina Faso's experience in issuing securities is well established because, from 2002 to 2019, the country successfully carried out 145 issues. As a reminder, this operation by public call for savings is the 9th of its kind for Burkina Faso on the regional market.