The State of Niger, through its General Directorate of Treasury and Public Accounts, raised on November 11, 2021 on the financial market of the West African Monetary Union (UMOA) an amount of 27.500 billion FCFA (41.250 million d ‘euros) 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 UMOA-Titres Agency based in Dakar.
Launched by UMOA-Titres in collaboration with the Central Bank of West African States (BCEAO), the issue of support and resilience bonds aims to allow the issuer to mobilize the savings of individuals and moral in order to cover the cash requirements necessary on the one hand to support the efforts of economic recovery of States, so that they find the growth trajectory before the health crisis of Covid-19 and on the other share in the resilience in the changes in budgetary orientation taken by the States, in the face of the adverse and unusual shocks that their economies face. This issue concerns all the States of the UEMOA (West African Economic and Monetary Union) zone confronted with this situation and expressing the wish. It targets all investors, both companies and individuals wishing to provide useful support to the States of the zone. It is open to investors from the WAEMU area and outside the WAEMU.
At the end of the auction, UMOA-Titres listed 42.700 billion FCFA in global bids from investors for an amount put out to tender by the issuer of 25 billion FCFA, i.e. a coverage rate of the amount put out to tender. by 170.80%.
From the total amount of bids, the Nigerien Public Treasury retained 27.500 billion FCFA and rejected the remaining 15.200 billion FCFA, ie an absorption rate of 64.40%.
The State of Niger has undertaken to reimburse the securities issued on the first working day following the maturity date set on November 10, 2022. On the other hand, interest is payable in advance and deducted from the nominal value of the bonds which is of one million FCFA.
The weighted average yield was 3.08%. For their part, the weighted average rate and the marginal rate were respectively 2.75% and 3.20%.
