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UEMOA financial market: Niger raises 33 billion FCFA

29/05/2023
Source : ORISHAS FINANCE
Categories: Index/Markets

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After a simultaneous auction of 182- and 364-day equivalent Treasury Bonds (BAT) and 3-year equivalent Treasury Bonds (OAT), the State of Niger raised 33 billion FCFA on the UEMOA financial market. It was last Thursday, May 25.

The issuer auctioned 30 billion FCFA. It received global bids of 67.254 billion FCFA, representing an average coverage rate of the amount put up for auction of 224.18%. The amount of successful bids was 33 billion (mainly 182- and 364-day BATs) and the amount rejected 34.254 billion, representing an absorption rate of 49.07%

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