In a press release, the West African regional debt planning agency UMOA-Titres announces that Niger will be on the market of the West African Economic Monetary Union (UEMOA) on September 2nd. The country will issue similar Treasury bonds by auction, for an amount of 25 billion CFA francs and maturities of five and ten years.

The date for submission of submissions is set for Thursday, September 02, 2021 at 10:30 a.m. UT, deadline. The issuance of Bonds Assimilables du Trésor (OAT) by auction for an amount of 25 billion FCFA is a basket composed of two securities. The face value of a treasury bond is 10,000 FCFA. The first security is an Equivalent Treasury Bond with a maturity of 5 years offering a coupon of 5.90% per year. Bids are made at multiple prices ≥ 9,900 FCFA. The repayment of the capital will take place on the first business day following the maturity date. The payment of interest will be made annually on the basis of the fixed interest rate and this, from the end of the first year.

The second security is a Bond Assimilable du Trésor with a maturity of 10 years and a coupon of 6.25% per year. Bids are made at multiple prices. The repayment of the capital will take place on the first business day following the maturity date. The payment of interest will be made annually on the basis of the fixed interest rate and this, from the end of the first year. Income received on Assimilable Treasury Bonds is exempt from tax for investors residing in Niger. Non-residents are subject to the taxation applicable in the territory of the country of residence. Recall that the OdR Recovery Bonds aim to enable the issuer to mobilize the savings of natural and legal persons in order to cover the financing needs of the Niger State budget under these plans. economic recovery plan in order to contain the effects of the COVID-19 pandemic and restore performance prior to the health crisis.