The Ceremony of the 1st listing of the bond " State of Mali 6.50% 2019 – 2027 " was held at
Bamako this Thursday. For the record, the state of Mali has issued a bond on the Financial Market
regional by public offering for an indicative amount of 100 billion FCFA. Open to
natural and legal persons of the West African Economic and Monetary Union, as well as to
Regional and international institutional investors, this loan will be used to finance
projects economic and social development of the country, particularly in the field of infrastructure or
improving the living environment of Malians.
The overall indicative amount of the loan was 100 billion FCFA with a subscription period
from 17 June to 05 July 2019. But, the show was so successful that instead of three weeks, Mali had
was able to mobilize the loan in just 10 days. A feat achieved thanks to the massive mobilization of the sector
banking that participated in more than 80%.
It is also important to say that the annual interest rate of this fourth bond issue of Mali on the
WAEMU market is 6.50% with 10000 FCFA as issue price per bond.
The repayment of the annual capital will be made after three years of deferral. Interest payments per year are made
from the date of use of the loan, i.e. 12 July 2019.
A major fact for this loan, which stands as one of the greatest successes since 2016, is that
unlike previous bonds, which were spread over a period of seven years, the duration of this last is eight years with three years of deferral from 2019 to 2027, a first for Mali.
The securities are dematerialized and registered in accounts with the SGI under the name TPM 6.50 2019 –
2027.
Adopted under the symbol EOM.04, the stock at the end of the stock market operation saw 11,642,101  bonds
subscribed on the WAEMU regional financial market for a total amount of 116,421,010,000   FCFA.
To encourage this type of borrowing, a massive presence of insurance is desired for the
development of Mali, moreover, the observation made by Amadou Cissé, general manager of the company de
management and intermediation of Mali (SGI), also leader of the bond issue is clear " the
insurances do not come up to wish. On this loan for example, on 116 billion b Subscriptions, insurance came for a little more than two billion. We think it's not
a lot in terms of percentage because in some countries insurance is much more liquid".
The other weakness of the issue is the weak presence of the private sector, which is nevertheless a driver of growth
economic in our country in different sectors especially through small and medium
enterprises. As for the subscriptions of natural persons, there is still a long way to go because on
59 Mali recorded only 12 subscriptions. Still in the same vein, the subscription of
Social security institutions are strongly desired during the next broadcasts of Mali.
Yet one of the sectors to be welcomed and encouraged more is the banks. They contributed to by 80% in this loan because of the 116 billion, Malian banks contributed almost 92
billion CFA francs.
From 2016 to 2019 Mali mobilized just over 422.62 billion FCFA in four issues
bonds on the WAEMU market.