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 94 283 200 000 000
corporate
USD 2 1 000 000 000
TZS 1 32 600 000 000

Latest bond issues

issue ISIN coupon volume end of placement maturity date
Burundi, 11 13jul2019 2Y - Domestic bonds 11% 6 000 000 000  BIF 07/12/2017 07/13/2019
Burundi, 12 13jul2020 3Y - Domestic bonds 12% 500 000 000  BIF 07/12/2017 07/13/2020
Burundi, 11 6jul2019 2Y - Domestic bonds 11% 3 000 000 000  BIF 07/05/2017 07/06/2019
Burundi, 12 6jul2020 3Y - Domestic bonds 12% 2 000 000 000  BIF 07/05/2017 07/06/2020
Burundi, 11 29jun2019 2Y - Domestic bonds 11% 3 000 000 000  BIF 06/28/2017 06/29/2019
Burundi, 12 29jun2020 3Y - Domestic bonds 12% 2 000 000 000  BIF 06/28/2017 06/29/2020
Burundi, 11 22jun2019 2Y - Domestic bonds 11% 3 000 000 000  BIF 06/20/2017 06/22/2019
Burundi, 12 22jun2020 3Y - Domestic bonds 12% 1 600 000 000  BIF 06/20/2017 06/22/2020
Burundi, 13 22jun2021 4Y - Domestic bonds 13% 2 000 000 000  BIF 06/20/2017 06/22/2021
Burundi, 14 22jun2022 5Y - Domestic bonds 14% 1 000 000 000  BIF 06/20/2017 06/22/2022

Currencies

Daily indices

Type: 07/05/2017 07/04/2017 07/03/2017 06/30/2017 06/29/2017 06/28/2017 06/27/2017
Exchange Rates (Emerging Markets)
USD/BIF 1 724.1100 1 727.5000 1 726.2400 1 725.6200 1 723.7800 1 728.5400 1 727.0800
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Macroeconomic Indicators (World economy)

Monthly indices

Type Jun 2017 May 2017 Apr 2017 Mar 2017 Feb 2017 Jan 2017 Dec 2016
Inflation Rate (World), % to the same period of the previous year
Inflation Rate (Burundi) 15.10 18.80 19.40 21.10 20.90 12.90 9.60
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Yearly indices

Type 2016 2015 2014
Government Debt to GDP (World), %
Government Debt to GDP(Burundi) 15.20 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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