To restore its financial partners’ confidence, the Malian authorities announced on August 12 that they had “taken all the necessary measures to settle all the outstanding debts” of its debt. An approach made possible thanks to the 277.371 billion CFA francs (nearly 423 million euros) raised on August 9 on the public securities market.
Mali back on the bond market, a “daring” operation
After this “winning” return to the financial market of the West African Monetary Union (Umoa), Mali, relieved not to plus undergo the turn of the ECOWAS screw, wants to remobilize West African investors. In a new note, dated August 15, the Malian Treasury announces its intention to launch a new bond issue through a public call for savings.
From now on, Mali aims to raise 200 billion CFA francs with a maturity of ten years for the financing of development infrastructure provided for in the 2022 state budget. The operation, arranged by SGI Mali, stock broker at the BRVM, runs from August 15 to 31. And it consists of the issue of “20 million bonds with a nominal value of 10,000 CFA francs each, payable in one go”, can we read in the note released by the Malian authorities.
Mali wins the regional bond market
“With a rate of 6.2% over ten years, Mali has offered the best offer on the regional stock market since the start of the year, an attractive point which adds to this increase”, comments Christian Kouamé. Zebe. The financial analyst estimates that “Bamako has every chance of raising the targeted amount, after having succeeded in mobilizing recently the record sum of 277.371 billion CFA francs”.
In detail, Christian Kouamé relies on the revival of the Malian machine with the recent payment of debts accumulated over the past six months, but also on the specificity of the operation. “For this type of transaction within the regional market, the BCEAO guarantees systematic payments at each due date. Something to reassure investors,” said the financial analyst.
Mali: ECOWAS lifts its economic and financial sanctions
Indeed, natural persons, legal persons, banks and insurance companies can participate in this bond issue by public call for savings, open to all categories of investors. Thus, Mali could “consolidate its public finances and continue its investments”, specifies Christian Kouamé, according to whom, “freed from its embargo, Bamako will be able to considerably reduce its budget deficit and meet its many challenges. at come “.