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Financial market: Niger raises 33 billion FCFA on Thursday

20/01/2023
Source : ORISHAS FINANCE
Categories: Index/Markets

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After an auction of equivalent treasury bonds (OAT) with a 5-year maturity, the State of Niger raised 33 billion FCFA on Thursday, January 19, 2023 on the UEMOA financial market the sum of 33 billion FCFA to ensure coverage the financing needs of its budget.

Le compte rendu de UMOA-titles indicates that The amount of global bids amounts to 53.447 billion FCFA out of an amount put up for auction of 30 billion FCFA after auction. This results in a coverage rate of 178.16 %. Indeed, the amount of tenders accepted is 33 billion FCFA and that rejected at 20.447 billion FCFA, giving an absorption rate of 61.74%. The securities issued are redeemable on the first business day following the due date of January 20, 2028. Interest will be paid annually at a fixed interest rate of 5.90% at the end of the first year.

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