Burkina Faso raised exactly CFAF30 billion at a regional Treasury securities auction on Wednesday, 4 November 2026, after investors submitted CFAF50.294 billion in bids. According to the UMOA-Titres auction report, the Treasury accepted 59.65% of the total and rejected CFAF20.294 billion, including every bid for its seven-year bonds.

Three-year bonds accounted for CFAF20.3 billion, or almost 68% of the accepted amount. Five-year bonds added CFAF7 billion and 364-day Treasury bills a further CFAF2.7 billion. The seven-year tranche attracted bids worth just CFAF500 million, none of which was accepted, a sharp contrast with demand for the shorter maturities.

Three-year bonds dominate the Treasury’s funding

Investors offered CFAF24.815 billion for the three-year bonds, of which CFAF20.3 billion was accepted. The Treasury took CFAF7 billion of the CFAF16.8 billion submitted for five-year debt, giving that tranche a 41.67% acceptance rate. The one-year bills drew CFAF8.179 billion in bids and received an allocation of CFAF2.7 billion. Overall bids covered 167.65% of the original CFAF30 billion target.

Weighted-average yields reached 3.59% for the 364-day bills, 6.93% for the three-year bonds and 7.37% for the five-year securities. The announced annual coupons on the two allotted bond maturities were 6% and 6.2%, respectively. Average auction prices below face value account for the difference between the coupon rates and the yields. No seven-year yield was established because that tranche received no allocation.

Benin-based bids receive no allocation

The report’s breakdown by place of submission shows CFAF3.515 billion in bids filed from Benin, across the Treasury bills and three-year bonds. None was accepted. Of the CFAF30 billion allocated, CFAF15.3 billion came from bids submitted in Burkina Faso, CFAF12 billion from Mali and CFAF2.7 billion from Côte d’Ivoire.

Settlement is scheduled for 5 November. The Treasury bills mature on 3 November 2027, while the allotted three-year and five-year bonds are due for redemption on 5 November 2029 and 5 November 2031, respectively.