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UEMOA: a sum of 38.5 billion FCFA in Niger's public treasury

21/10/2022
Categories: Index/Markets

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After issuing 364-day support and resilience vouchers on Thursday, October 20, 2022, Niger's public treasury obtained the sum of 38.5 billion CFA francs.

The total amount of the tenders reached 61.010 billion FCFA according to UMOA-Titres reports at the close of the auction. The issuer requested 35 billion CFA francs, giving a coverage rate of 174.31% for the amount put up for auction. And the amount of the bids accepted was 38.5 billion FCFA and the amount rejected was 22.510 billion FCFA, giving an absorption rate of 63.10%. Vouchers issued on the first business day following the due date of October 19, 2023 will be refunded by the issuer. Interest, on the other hand, is payable in advance and deducted from the nominal value of the vouchers.

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