Niger raised 22 billion CFA francs on the WAMU financial market at the close  of its issue of 36-month treasury equivalent bonds (OAT) with a maturity of 36 months.
Out of an amount put up for auction of 20 billion CFA francs, niger's public treasury ended up with global bids from investors of 89.989 billion CFA francs, i.e. a coverage rate of the amount put up for auction of 449.95%.
But only 22 billion CFA francs were retained, i.e. an absorption rate of 24.45%. The funds obtained are intended to cover the financing needs of Niger's budget.
The securities issued are redeemable on the first working day following the maturity date of 15 January 2024. On the other hand, interest at the fixed rate of 6.15% is payable annually from the end of the first year.