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OdR Recovery Bonds: Mali issues 80 billion FCFA on the financial market

19/02/2021
Categories: Economy/Forex

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As part of the recovery of its economy, Mali will issue Treasury STIMULUS BONDS (OdR) on the West African Economic and Monetary Union (WAEMU) market on 24 February by auction. Involving an amount of 80 billion CFA francs. This fundraiser has maturities of three years, five years and seven years.

The West African regional debt planning agency WAMU-Securities in a statement announced that the submission date for Mali is set for Wednesday, February 24, 2021 at 10:30 am UT, deadline.
This issue aims to enable the issuer to mobilize the savings of natural and legal persons in order to cover the financing needs of the State budget of Mali as part of these economic recovery plans in order to contain the effects of the COVID-19 pandemic and return to the performance before the health crisis.
The OdR Recovery Bond mainly targets socially responsible investors but also companies or individuals wishing to support the economic recovery actions initiated by the States of the zone.
Treasury Stimulus Bonds are eligible for refinancing by the Central Bank under the conditions set by the Monetary Policy Committee and are tradable on the secondary market in accordance with Regulation No. 06/2013/CM/UEMOA of 23 June 2013.

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