The General Directorate of Treasury and Public Accounting of Niger again obtained on Thursday, September 26, 2019 an amount of 27.500 billion FCFA (41.250 million euros) on the financial market of the West African Monetary Union (WAMU) in term of its issue of assimilable treasury bills at 91 days.

Investors responded favorably to the solicitation of the Nigerien public treasury with a total amount of bids of 59.923 billion FCFA for a total amount put up for auction of 25 billion FCFA. This gives a rate of coverage of the amount put up for auction of 239.69%.

All WAEMU countries participated in the operation, except Guinea-Bissau

At the end of the operation, the issuer retained only 27.500 billion FCFA and rejected the remaining 32.423, ie an absorption rate of 45.89%. The weighted average rate stood at 5.06% and the marginal rate at 5.24%. As for the weighted average return, it stood at 5.13%.

The securities issued are redeemable on the first working day following the maturity date set at December 26, 2019. On the other hand, interest is payable in advance and deducted from the nominal value of the bonds, which is one million FCFA.