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Financial market: Niger records a resounding early closing of borrowing

17/08/2021
Categories: Economy/Forex

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The Niger loan was closed in a few clock turns. This is the country's largest bond issue open for subscription on August 16, 2021.

The operation called “TPN 6.3% 2021-2031”, initially spread out until September 3, was oversubscribed by more than 250% with an order book showing 367 billion FCFA for an offer of 150 billion FCFA . Djibril Beidari Touré, CEO of SGI Niger explained that the loan was oversubscribed in barely an hour. Eager for fresh paper, the WAEMU financial market thus expresses its full confidence in Niger's strategic orientations. To the fundamentals of this Sahelian country, which is 23 times the size of Togo, are added the quality of the network of the leader of the operation, SGI Niger, and the professionalism of the co-leaders and the other SGIs of the syndicate of placement.

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