Burundi: bonds

The financial sector in Burundi is underdeveloped. This is in part the result of the country’s long civil war and the embargo (1996-98), which led to a severe economic contraction. As of October 2014, 10 commercial banks, 2 financial institutions and 27 microfinance institutions were listed. There are no capital markets and there is no stock exchange. The fixed-income securities market is limited to government securities issues; it was introduced in 1998 for the first time in an attempt to allow the establishment of market-driven interest rates and to widen the spectrum of financing means of the fiscal deficit. In 2007, the government made a second attempt at promoting the debt market, with the purpose of financing the borrowing requirements of the government. Currently, the issuance of government securities serve to finance the State budget and manage Treasury operations.

Outstanding bond issues

Сurrency Outstanding bond issues Cumulative volume
sovereign
BIF 58 174 100 000 000
corporate
USD 2 1 000 000 000

Latest bond issues

issue ISIN coupon volume end of placement maturity date
Eastern and Southern African Trade and Development Bank (PTA Bank), 5.375% 14mar2022, USD - International bonds XS1520309839 5.375% 700 000 000  USD 04/20/2017 03/14/2022
Burundi, 11 13apr2019 2Y - Domestic bonds 11% 2 000 000 000  BIF 04/12/2017 04/13/2019
Burundi, 12 13apr2020 3Y - Domestic bonds 12% 2 000 000 000  BIF 04/12/2017 04/13/2020
Burundi, 11 30mar2019 2Y - Domestic bonds 11% 3 000 000 000  BIF 03/27/2017 03/30/2019
Burundi, 12 30mar2020 3Y - Domestic bonds 12% 2 000 000 000  BIF 03/27/2017 03/30/2020
Burundi, 11 23mar2019 2Y - Domestic bonds 11% 1 000 000 000  BIF 03/20/2017 03/23/2019
Burundi, 12 23mar2020 3Y - Domestic bonds 12% 1 000 000 000  BIF 03/20/2017 03/23/2020
Burundi, 11 16mar2019 2Y - Domestic bonds 11% 5 000 000 000  BIF 03/13/2017 03/16/2019
Burundi, 11 9mar2019 2Y - Domestic bonds 11% 1 000 000 000  BIF 03/08/2017 03/09/2019
Burundi, 12 9mar2020 3Y - Domestic bonds 12% 1 000 000 000  BIF 03/08/2017 03/09/2020

Currencies

Daily indices

Type: 04/21/2017 04/20/2017 04/19/2017 04/18/2017 04/17/2017 04/14/2017 04/13/2017
Exchange Rates (Emerging Markets)
USD/BIF 1 719.6300 1 693.9700 1 693.5700 1 714.6200 1 695.8800 1 708.6300 1 709.9800
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Macroeconomic Indicators (World economy)

Monthly indices

Type Feb 2017 Jan 2017 Dec 2016
Inflation Rate (World), % to the same period of the previous year
Inflation Rate (Burundi) 20.90 12.90 9.60
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Yearly indices

Type 2015 2014
Government Debt to GDP (World), %
Government Debt to GDP(Burundi) 15.20 14.90

Bonds prices

issue volume maturity date bid prices ask prices
date bid price yield date ask price yield
Eastern and Southern African Trade and Development Bank (PTA Bank), 6.375% 6dec2018, USD   USD 12/06/2018 05/18/2016 ***.** *.** 05/18/2016 ***.** *.**
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