Burkina Faso plans to raise 10 billion CFA francs on the West African Economic and Monetary Union (WAEMu) public securities market. The transaction is expected to be launched today, November 6, according to UMOA-Titres.
To raise the fund, the government is issuing Treasury Bills (BATs) with a maturity of 12 months. The transaction is expected to be auctioned at multiple interest rates for a par value of 1 million CFA francs each.
The securities issued will be redeemable on the first business day following the maturity date of 4 November 2020. Interest is payable in advance and deducted from the par value of the bonds.
As a reminder, during the first half of 2019, the country had already succeeded in raising about 151 billion CFA francs from investors on the regional financial market, more than the 145 billion announced. This performance makes Burkina Faso the second largest issuer of securities, with 17% of the total securities issued in the Union during the period under review, behind Côte d'Ivoire.
Moutiou Adjibi Nourou
Lebara Group is now bringing its affordable and reliable mobile services to Africa, starting with Ni...
• Gates Foundation commits $1.6 billion over five years to Gavi.• Bill Gates warns of rising ch...
Transport and food prices have been climbing steadily across Africa in recent years. In Côte d’Ivoir...
In a West African financial landscape marked by tighter regulation of the fintech sector, digital fi...
• Maritime sector faces renewed risks amid military tensions in the Middle East• Blockade fears at S...
• Mercedes Trucks signs agreement with Senegal to build a truck and commercial vehicle assembly plant.• The project will create hundreds of jobs...
• Ghana launches NAIMOS as the central authority to combat illegal mining activities nationwide.• The secretariat’s mandate includes environmental...
• Two major Nigerian universities to host innovative training programs focused on leadership, innovation, and sustainability.• 200 students and teachers...
• India’s NMDC launches a strategic center in Dubai to boost mining acquisitions in Africa.• A three-year copper and cobalt exploration campaign starts in...
In northern Ethiopia, in the Tigray region, lies Axum (also spelled Aksum), an ancient city that once stood at the heart of one of Africa’s most powerful...
Lake Natron, located in northern Tanzania near the Kenyan border, is one of the most extraordinary and extreme lakes in Africa. Fed primarily by the Ewaso...