The State of Mali is looking for an amount of 100 billion FCFA (150 million euros) at the level of the financial market of the West African Monetary Union (WAMU) through the issuance of a bond by public offering called " State of Mali 6.50% 2020-2028 ".

This fundraising is part of the mobilization of resources to ensure the financing of development infrastructure provided for in the 2020 budget of the Malian State.

The amount of the issue is represented by 10 million bonds with a nominal value of 10,000 FCFA each.

The subscription will be open from 09 to 20 March 2020 inclusive and will be done at the counters of the waeMU  management and intermediation companies (SGI). But the issuer announces that it may be shortened, extended or moved at its discretion, after consulting the Regional Council of Public Savings and Financial Markets (CREPMF).

As for the date of enjoyment of the securities, it is set at March 27, 2020.

The issuer has undertaken to pay subscribers an annual interest of 650 FCFA per security, the first coupon being payable one  year after the date of use or the first following working day, if that day is not a working day.

On the other hand, the repayment of the loan will be made by annual amortization of the capital in equal series after a deferral of three (3) years.

Income related to these securities is exempt from securities income tax for the investor in Mali, and subject to the tax legislation on securities income in force in other countries at the time of interest payment and repayment of capital.

The loan is secured by an escrow account that will be opened in the name of the Public Treasury of Mali in the books of the Central Bank of West African States (BCEAO). This account will be funded with the resources necessary to pay the due dates. At each maturity, the BCEAO will debit the escrow account of the amount of the maturity to make the funds available to the Central Depositary / Bank of Settlement (DC /BR) which proceeds to the settlement of disputes holding securities through the SGI.