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Mali: To finance its development program: The State of Mali subscribes to more than 116 billion CFA francs to the BRVM

14/09/2019
Source : Mali Actu
Categories: Index/Markets

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Mali, September 14 -- The Management and Intermediation Company SGI-Mali-sa organized, on Thursday September 5
last, at the Sheraton hotel, the ceremony of the first quotation of the bond loan of the "State of Mali
6.50% 2019-2027", admitted to the bond compartment of the Regional Stock Exchange
(Brm).
This listing launch ceremony was chaired by Mrs. Barry Aoua Sylla, Minister Delegate
with the Minister of Economy and Finance, in charge of the budget, in the presence of Herman Traoré,
representative of the Managing Director of Brvm, of Safia Bolly, Minister of Private Investment and SMEs,
Mrs. Traoré Seynabou Diop, Minister for Equipment and Opening Up, Amadou Baba Cissé,
director of SGI-Mali, Konzo Traoré, national director of the Bceao, as well as directors of
banks and financial institutions.
This listing of the bond issue allows the Malian State to use the regional market for the
mobilization of resources for the financing of the country's development programme.
In his speech, the director of SGI-Mali explained that this quotation of the bond issue of the State
of Mali, like the previous quotations, was a resounding success, with a subscription exceeding
100 billion FCFA.
"This success is due above all to the efforts of national investors, in particular the banking sector which has
mobilized more than 80% of the amount. Through this quotation, we wish to popularize and democratize the
financial market instruments with the Malian public and doing better at the regional stock exchange
furniture which offers numerous investment opportunities. The distribution of titles "State of Mali 6.50%
2019-2027" in the public, at the price of 10,000 FCFA per bond, took place from June 25 to July 5, 2019.
At the end of this operation, 11,642,101 "State of Mali 6.50% 2019-2027" bonds were subscribed on the
financial market of UEMOA, for an amount of 116,421,010,000 Fcfa", he specified, before thanking
Madame the Minister Delegate to the Minister of Economy and Finance, in charge of the budget for her
presence at this ceremony which testifies to the commitment of the Malian government in the realization of this
project.
According to Herman Traoré, representative of the general manager of the Brvm, this ceremony is the ninth
that the Brvm has been organizing since the beginning of the year and the second for the State of Mali after the one that took place in
Abidjan on April 2, 2019. "This listing will now support bonds issued by the public treasury
Malian on the WAEMU financial market. This issue will allow us to raise to 739 billion Fcfa
the total amount placed on the WAEMU financial market on January 8, 2019, i.e. 84% of resources
collected. This performance confirms the dynamism of the bond market of the Regional Stock Exchange of
securities which is getting stronger year after year. Indeed, from 2012 to 2019, the capitalization of this market
bond increased by 347% from 842 billion CFA francs to 3743 billion CFA francs as of August 31
2019. This development reflects the increasingly frequent recourse of the States of our union to the financial market
regional level to meet long-term investment needs, including the financing of
basic development infrastructure such as roads, energy and health,” he hinted.
For her part, the Minister Delegate to the Minister of Economy and Finance, in charge of
budget, thanked the members of the Management and Intermediation Company SGI-Mali SA for the
mobilization of these funds from banks, financial institutions and businesses.

The ceremony was closed with the presentation of commemorative plaques to three main companies
organizers: the National Treasury and Public Accounts Department, the Management Company and
brokerage SGI-Mali-sa and Atlantique finance

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