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Financial market: Niger raises 33 billion FCFA

11/02/2022
Categories: Index/Markets

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Niger was on the WAEMU financial market on February 10, 2022. After auctioning a total amount of FCFA 30 billion, the issuer raised FCFA 33 billion in treasury bonds.

       

At the end of an issue by auction of 364-day equivalent treasury bonds, Niger obtained an amount of 33 billion FCFA. The total amount of bids amounted to 50.597 billion FCFA. This gives a coverage rate of the amount auctioned of 168.66%. The bids accepted by the issuer amount to 33 billion FCFA and those rejected to 17.597 billion FCFA remaining. This corresponds to an absorption rate of 65.22%. Investors whose bids are successful will end up with a weighted average return of 2.67%.

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