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UMOA-Titres Mali issues 25 billion FCFA on the financial market

04/02/2021
Source : ORISHAS FINANCE
Categories: General Information

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The UMOA-Titres agency has just announced that Mali has injected 25 billion FCFA into the financial market of the Union. This is an issue of assimilable treasury bonds (Bat). The National Treasury and Public Accounts Department of Mali is injecting FCfa 25 billion into the regional financial market through the issue of Bonds assimilables du Trésor (Bat). This Bond was made by auction for a period of one year.
According to the West African regional debt planning agency UMOA-Titres, the issuance of Bonds Assimilables du Trésor in all member countries of the West African Monetary Union (UMOA) aims to mobilize the savings of natural and legal persons. in order to cover the financing needs of the Mali State budget.
The date for submission of bids is set for Wednesday February 10, 2021 at 10:30 a.m. UT The agency's press release indicates that the reimbursement of the capital will take place following the due date set on February 09, 2022. Income received on Bat is exempt from tax. taxes only for investors residing in the issuing country.

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