Burkina Faso launches new bond

Oct 18, 2013

Burkina Faso has issued on October 10th Fcfa55 billion (€84 million) worth of bonds. The loan consists of 5.5 million bonds with a nominal value of Fcfa10,000, with an annual nominal interest rate of 6.5 percent associated with a maturity of seven years and a two years grace period.

Burkina Faso has issued on October 10th Fcfa55 billion (€84 million) worth of bonds. The loan consists of 5.5 million bonds with a nominal value of Fcfa10,000, with an annual nominal interest rate of 6.5 percent associated with a maturity of seven years and a two years grace period.

Subscriptions to the bonds - issued as part of the government 'Strategy for Accelerated Growth and Sustainable Development (SCADD 2011-2015),
are open from October 10th to November 14th.

The resources mobilized through the subscription will be used to "finance projects promoting growth and economic and social development," said the Treasury of Burkina Faso in a statement.

This is the third public offering made by Burkina Faso on the regional market in ten years. The first bond - issued in 2003 - generated Fcfa55 billion, while 15 billion was initially sought. The second issue - in 2011- registered a subscription rate of 68.48 percent.


ADNFCR-2976-ID-801650898-ADNFCR