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Burkina Faso raises $150mn in oversubscribed WAEMU bond sale

A busy street of Burkina Faso. Photo by MIGUEL BAIXAULI @ Unsplash
A busy street of Burkina Faso. Photo by MIGUEL BAIXAULI @ Unsplash
  • Burkina Faso raises $150m, nearly double its WAEMU market target
  • Local investor participation strengthens despite security pressures

 

OUAGADOUGOU, BURKINA FASOBurkina Faso has raised $150 million on the WAEMU regional debt market, sharply exceeding its target and underscoring strong investor demand for its sovereign paper.

Burkina Faso overshot its initial target of $83 million by a wide margin, achieving an oversubscription rate of 186.33%, according to an official announcement by the treasury.

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