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Financial market: Niger collects 27.5 billion FCFA

16/11/2021
Categories: Index/Markets

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As part of its issuance of Support and Resilience Bonds, the Nigerien Public Treasury raised a sum of 27.5 billion FCFA on the financial market of the West African Monetary Union (UMOA).

 

At the end of its issue of assimilable Treasury bonds (BAT) called "support and resilience bonds" with a maturity of 364 days, organized in partnership with the Agence UMOA-Titres based in Dakar, the State of Niger raised an amount of 27.500 billion FCFA. Launched by UMOA-Titres in collaboration with the Central Bank of West African States (BCEAO), the issuance of support and resilience bonds aims to enable the issuer to mobilize the savings of natural persons and morals with a view to ensuring the coverage of the financing needs of the State of Mali's budget within the framework of its economic recovery plans in order to contain the effects of the COVID-19 pandemic and reconnect with the performance prior to the health crisis. They target not only socially responsible investors but also companies or individuals wishing to support the economic recovery actions initiated by the States of the WAEMU zone.

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