The estimated overall volume of government securities that the member countries of the West African Economic and Monetary Union (UEMOA) plan to issue by auction during the third quarter of 2021 amounts to CFAF 1,075 billion (€ 1.612 billion), announced the officials of the UMOA-Titres Agency based in Dakar.
In a note addressed to investors operating on the financial market of the West African Monetary Union (WAMU), Mr. Adrien Diouf Director of the UMOA-Titles Agency specifies that this volume includes “ the indicative programs available to date from the seven States members of the Union which are Benin, Burkina, Côte d’Ivoire, Guinea – Bissau, Mali, Niger and Togo >>. Only Senegal has not yet indicated its intentions to issue government securities.
Compared to the second quarter of 2021 when they amounted to CFAF 1,566 billion, intentions to issue public securities have fallen by 31.35% in quarterly variation. Compared to the third quarter of 2020 when they stood at 1390 billion FCFA, the forecast global volume of issuance of government securities is down 22.66% year-on-year.
The amount of securities to be issued by the States breaks down into treasury bills for 380 billion FCFA and in treasury bonds for 695 billion FCFA.
It varies globally from month to month, standing at 320 billion FCFA for the month of July 2021, 355 billion FCFA for the month of August 2021 and 390 billion FCFA for September 2021.
All titles combined, the Ivory Coast is well ahead of issuance intentions with 355 billion FCFA. It is far followed by Mali (190 billion), Burkina (165 billion), Togo (110 billion), Niger (110 billion), Benin (100 billion) and Guinea Bissau (15 billion).