For an initial objective of 100 billion FCFA, the 4th bond issue of the State of Mali on the sub-regional financial market was a great success. Finally, 116.42 billion FCFA were issued by investors from the eight WAEMU countries, led by Malian banks, which were heavily involved in this operation. This sum was entirely withheld by the National Directorate of the Treasury and Public Accounting (DNTCP),  the prime contractor of the loan on behalf of the Malian government, which has therefore had, since the beginning of July, this pactole to finance its major infrastructure projects.
The Minister Delegate to the  Ministry of Economy and Finance, in charge of the Budget, Mrs. Barry Aoua Sylla chaired, yesterday Thursday, September 5, the ceremony of the first listing of the bond "State of Mali 6.50% 2019-2027".

She was accompanied by her counterparts in charge of Infrastructure and Equipment, Mrs. Traoré Seynabou Diop, the Promotion of Private Investment, Small and Medium Enterprises and National Entrepreneurship, Mrs. Safia Bolly.

In addition to these government officials, the ceremony mobilized the leaders of SGI-Mali, leader of the operation, Atlantique finance, co-leader, the Regional Stock Exchange of Securities (BRVM) as well as the heads of the contributing services including the Banks and financial institutions of Mali including the president of the APBEF, Mr. Bréhima Amadou Haïdara, also Director General of bdm-SA.  This bond "State of Mali 6.50% 2019-2027" for an amount of 100 billion FCFA, is the fourth intervention of its kind by our country since 2016. It was launched at the end of June in accordance with the government of Mali's issuance schedule in order to mobilize financial resources for the realization of development infrastructure provided for in the 2019 budget.

Subscriptions for this public offering ran from June 25 to July 5.

The operation, open to any natural and legal person, is distinguished by an interest rate of 6.50% repayable over a period of 8 years (2019-2027) with three years of deferral. The unit price of the bond was of the order of 10,000 FCFA.

On arrival, investors from all eight countries of the WAEMU zone, including institutional investors, mobilized to subscribe to this operation. Total subscriptions were just over CFAF 116 billion for an initial target of CFAF 100 billion. According to the Director General of SGI-Mali, Mr Amadou Baba Cissé, all subscriptions have been withheld and paid into the Malian Treasury.  He added that this strong mobilization of investors for this operation is the result of the quality of Mali's signature.

The same goes for the Minister Delegate in charge of the Budget who wanted to thank all the investors led by the Malian Banks and the INPS. Mrs Barry Aoua Sylla considered that this operation will allow the development of the secondary market for securities, as it strengthens liquidity  and facilitates the exchange of securities.  The Director of the BRVM branch in Mali, Amadou Djéri Bocoum, for his part, noted that thanks to the evolution of new technologies, we can follow the daily trading sessions at the BRVM wherever we are. He stressed that since 2016, Mali has mobilized 420 billion FCFA through bond issues.

However, Mr. Bocoum drew attention that at the level of the stock market, of the 46 companies listed on the BRVM, there is only one Malian company. This is why he called on political decision-makers and business leaders to work for a strong listing of Malian companies because our country plays a crucial role in the sub-regional economy.

The ceremony ended with the presentation of commemorative plaques to the three main organizing companies (DNTCP, SGI-Mali, Atlantique finance).