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Treasury bills: the Nigerian government raises 39 billion CFA francs on the UEMOA financial market

10/12/2024
Source : ORISHAS FINANCE
Categories: Index/Markets

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A l' issue d' une émission simultanée d' adjudication de bons assimilables du trésor 91 and 364 days which took place last Thursday, December 5, Niger has lifted on the UEMOA financial market the

sum of 39.003 billion FCFA.

The State of Niger plans to ensure that the financing needs of its budget are covered. L'émetteur avait mis en auction 55 billion FCFA and the investors offered him global bids of 39.003 billion FCFA. This gives a coverage rate of the amount put in adjudication of 70.91%. All of these submissions were accepted by the issuer. This corresponds to an absorption rate of 100%.

the 91 day vouchers and 10.42% for the 364 day ones.

The vouchers will be redeemed on the first working day following the due date set on March 6, 2025 for those with a duration of 91 days and on December 4, 2025 for those with a duration of 364 days. Interest will be paid in advance and deducted from the nominal value

.
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