BRVM Lists Two New Bond Issues for Burkina Faso’s Public Treasury
TLDR
- Burkina Faso's bond market, represented in the BRVM, showed strong growth by admitting two new bond issues—TPBF.O19 and TPBF.020—from the Public Treasury, demonstrating consistent market presence and annual fundraising success.
- Recent bond operations exceeded the target, raising 129.68 billion FCFA, indicating robust investor confidence in Burkina Faso's economy, contributing to the country's position in the regional bond market of WAEMU.
- The BRVM currently lists 152 bond lines and 46 companies, with Burkina Faso hosting three companies, showcasing market capitalization growth to 9.6 trillion FCFA, consolidating its place as the 5th largest African stock exchange after Johannesburg, Casablanca, Egypt, and Nigeria.
The BRVM this week admitted two new bond issues from the Public Treasury of Burkina Faso—TPBF.O19 and TPBF.020—further cementing the country’s standing in the regional bond market of the West African Economic and Monetary Union (WAEMU or UEMOA in French).
Burkina Faso’s consistent presence in the market is demonstrated by its ability to raise over 2 trillion FCFA ($3.4 billion) annually since 2020. Recent treasury bond operations raised 129.68 billion FCFA, exceeding the target of 120 billion FCFA, signaling strong investor confidence in the country’s economy.
The BRVM now hosts 152 listed bond lines and 46 listed companies, including three from Burkina Faso, with a market capitalization reaching 9.6 trillion FCFA as of August 2024. Its growth solidifies its position as the 5th largest African stock exchange, behind Johannesburg, Casablanca, Egypt, and Nigeria.
Key Takeaways
Burkina Faso’s bond listings on the BRVM, along with its continued market presence, highlight the strength of the country’s financial standing within the UEMOA region. With total bond market capitalizations exceeding 9 trillion FCFA, the BRVM remains a crucial platform for sovereign and private debt. However, to sustain this growth, the market must introduce innovative instruments like sustainable bonds and encourage participation from local authorities, SMEs, and real estate funds to broaden private sector access.
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