Mali issues bonds worth $434 million in first sale since lifting of sanctions

DAKAR (Reuters) - Mali has issued 277 billion CFA francs ($434 million) in bonds on the regional market in its first auction since the lifting of economic and financial sanctions on the West African state in July, data showed on Wednesday.

The 12-month issue on Tuesday had an interest rate of 3.59%, compared to 2.49% the last time it issued in Dec. 2021. The three-year bond had a rate of 6.22%, compared to 4.07% in Oct. 2021, while the five-year maturity had a rate of 6.32% versus 4.6% in Nov. 2021.

(Reporting by Rachel Savage and Alessandra Prentice; Editing by Toby Chopra)