Like several countries in the WAEMU (West African Economic and Monetary Union) area, in the context of the Covid-19 pandemic, the State of Niger seized on 11 August 2020 the opportunities of the second wave of Covid-19 social bonds, by raising from investors operating on the financial market of the West African Monetary Union (WAMU) an amount of 110 billion FCFA (165 million euros) at the end of its auction issue of 91-day treasury bonds (BAT).
These funds raised correspond to the same amount obtained three months earlier.

According to the agency UMOA-Titres, the amount of global bids amounted to 146.500 billion FCFA out of an amount put up for auction of 100 billion FCFA. This gives a coverage rate of the amount put out to tender of 146.50%.

The Nigerien public treasury nevertheless  retained 110 billion CFA francs and rejected the remaining 36.500 billion CFA francs, i.e. an absorption rate of 75.09%.

The issuer has undertaken to repay the principal on the first working day following the maturity date of 10 November 2020.

Interest at a rate less  than or equal to 3.25% is payable in advance and deducted from the nominal value of the vouchers which is one million FCFA.