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UEMOA financial market: The State of Niger has received the sum of 33 billion FCFA

18/04/2023
Source : ORISHAS FINANCE
Categories: Index/Markets

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At the end of a simultaneous auction of 182- and 364-day equivalent treasury bills (BAT) and 3-year equivalent treasury bonds (OAT), the State of Niger cashed in on the financial market of UEMOA the sum of 33 billion FCFA. It was Friday, April 14, 2023.

The issuer auctioned 30 billion FCFA and received total bids of 44.690 billion FCFA, giving an average coverage rate of the amount put up for auction of 148.97%. The amount of successful bids amounts to 33 billion and the amount rejected to 11.690 billion, representing an absorption rate of 73.84%. Vouchers are redeemable on the first business day following the due date of 15 October 2023 for vouchers with a validity of 182 days, and on 14 April 2024 for vouchers with a validity of 364

days.
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