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Recovery Bonds: Niger is looking for 60 billion FCFA

07/07/2021
Categories: Index/Markets

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For its post-Covid recovery, Niger is looking for 60 billion FCFA on the regional financial market. The Nigerien Public Treasury will complete Thursday, July 08, 2021, a simultaneous issue of Recovery Bonds (Oat) through which it aims to mobilize 60 billion FCFA on the regional financial market.

The public securities auctioned have respective maturities of 5 years, 7 years and 10 years and carry interest rates of 5.90%, 6.15%, 6.25% per year. The funds that will be collected will enable the Sahelian country to cover the financing needs of its budget, balanced in revenue and expenditure at CFAF 2,644.54 billion this budget year, in a context of recovery of its post- Covid-19. Last month, more precisely on May 6, the country had collected 77 billion FCFA also on the occasion of a simultaneous issue of three stimulus bonds. An oversubscribed operation, with bids of around 158 billion FCFA.

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