The State of Niger, through its General Directorate of Treasury and Public Accounts, raised on January 27, 2022 an amount of 33 billion FCFA (49.5 million euros) at the end of its issue of similar bonds of the Treasury (OAT) with a maturity of 3 years on the financial market of the West African Monetary Union (WAMU).
The funds raised aim to mobilize the savings of natural and legal persons in order to cover the financing needs of the Niger State budget.
The Niger Public Treasury had auctioned an amount of 30 billion FCFA. He found himself with overall bids from investors of 102.051 billion FCFA, i.e. a coverage rate of the amount put up for auction of 340.17%.
After auction, the issuer retained 33 billion FCFA and rejected the remaining 69.051 billion FCFA, i.e. an absorption rate of 32.34%.
The three largest amounts retained come in order of importance from investors from Côte d’Ivoire (12.750 billion), Togo (9.980 billion) and Senegal (3.750 billion).
The weighted average return is 3.67%.
The securities issued are redeemable on the first business day following the maturity date set at January 28, 2025. On the other hand, the payment of interest will be made annually on the basis of the fixed interest rate of 5.60% and this, from the end of the first year.
