Topic
Tracking of operations announced on the regional government securities market, followed by results when they are available. Amounts sought, subscriptions and sums ultimately retained must be distinguished.
Investors offered more than the CFA50 billion sought. Borrowing costs rose on the one- and five-year maturities compared with 9 October.
Demand more than doubles the 30 billion sought. The three lines retained carry average yields of 4.67% to 7.78%.
The 9 October auction, with a value date set for 12 October, remains below the target of 80 billion CFA francs.
The forecast covers securities issued through auctions, a key segment for financing the eight member states of the Union.
UMOA-Titres announces a simultaneous issue of bills and bonds. Bids are expected at 10:30 GMT, and the value date is set for 19 October.
Mali is preparing a issue of bills and bonds to finance its budget. The announced target is 30 billion FCFA, with an auction on 14 October and settlement the following day.
