After successfully mobilizing 54 billion FCFA during its last intervention on October 24, Niger, according to Sikafinance, managed to raise 21.5 billion FCFA (32.7 million euros) on November 6 on the WAMU public securities market. This operation involved the simultaneous issuance of two putable Treasury Bonds (BAT) with maturities of 91 days and 364 days.
In fact, thanks to the participation of several investors from the region, this week’s unique operation, after postponing issues in countries such as Burkina Faso, Ivory Coast and Togo, recorded a coverage rate of 107.53%, with an overall subscription offer. which is 21.5 billion FCFA, for an initial objective of 20 billion FCFA on the financial market.
In addition, Niger chose to keep all the offers made by investors, i.e. 21.5 billion FCFA, resulting in a 100% absorption rate. In more detail, the BAT with a maturity of 91 days attracted 17.9 billion FCFA with a marginal rate of 9% and a weighted average yield of 7.26%. For his part, BAT with a maturity of 364 days recorded 3.6 billion FCFA with a marginal rate of 9.5% and a weighted average yield of 10.32%.
It should be noted that the successful bids come from six of the eight UEMOA member states, namely Togo (10 billion FCFA), Niger (6.3 billion FCFA), Burkina Faso (3.96 billion FCFA), Ivory Coast (0.7 billion FCFA ), Benin (0.91 billion FCFA) and Senegal (0.2 billion FCFA).
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