On Thursday, February 16, 2023, the State of Niger received 18.131 billion FCFA from the UEMOA financial market to ensure that the financing needs of its budget were covered. This was at the end of a simultaneous auction of 364-day Treasury Bonds (BAT) and 7-year Treasury Equivalent Bonds (OAT).

The issuer received global bids of 18.131 billion FCFA by auctioning 35 billion FCFA. This gives an average coverage rate of the amount put up for auction of 51.81%. The issuer accepted all the bids corresponding to an absorption rate of 100%. For bonds, investors whose bids are successful end up with a weighted average return of 6.54% and 5.37% for bonds.

Interest is payable in advance and deducted from the nominal value of the vouchers, while vouchers are redeemable on the first business day following the due date of February 15, 2024. Interest will be paid annually at the fixed rate of 6% at the end of the first year, and the bonds are also redeemable on the first business day following the due date of February 17, 2030.