Mali's Treasury raised 44bn FCFA (€67mn) on the regional market on October 28, more than the 40bn FCFA (€61mn) it sought, after investors bid 74.7bn FCFA (€114mn), the regional government securities agency UMOA-Titres said. The three-year bond took 36.5bn FCFA (€56mn) of the total at an average yield of 7.67%, down from 7.78% at the October 14 auction, the agency said.
Analysis: The three-year yield fell for the first time since August 19, ending four successive auction increases, but remains above its mid-August level. Domestic bidders accounted for 33.2bn FCFA (€51mn), or 75.5% of the proceeds, by our calculation. Mali has raised approximately 1,284bn FCFA (€1.96bn) gross this year, 88.6% of its 1,450bn FCFA (€2.21bn) program, according to APA, although part of the borrowing refinances maturing securities. Four auctions remain. The November 11 sale has been reduced to 45bn FCFA (€68.6mn) from the 55bn FCFA (€83.8mn) originally scheduled, leaving the Treasury's funding pace and borrowing costs in focus.
Source: Agence UMOA-Titres, UMOA-Titres, Compte rendu d'adjudication, État du Mali, October 28, 2026, October 28, 2026 auction; APA News, APA News, "Mali : 44 milliards FCFA levés sur le marché régional", October 28, 2026, January 1–October 28, 2026; APA News, APA News, October 28, 2026, citing the UMOA-Titres calendar, November 11–December 23, 2026; Agence UMOA-Titres, UMOA-Titres, Compte rendu d'adjudication ML ES 14.10.2026, 14 October 2026 auction; Agence UMOA-Titres, UMOA-Titres, Compte rendu d'adjudication, État du Mali, 14/10/2026, October 14, 2026 auction; Agence UMOA-Titres, UMOA-Titres, Compte rendu d'adjudication, État du Mali, 19/08/2026, August 19, 2026 auction; Agence UMOA-Titres, UMOA-Titres call for tenders (avis d'appel d'offres), Mali simultaneous issue of bills and bonds of November 11, 2026, dated Dakar, October 30, 2026, November 11, 2026 auction