On Thursday, Niger raised the sum of 38.5 billion CFA francs on the WAEMU financial market at the end of an issue of 3-year and 7-year Treasury Revolving Bonds (TRB).

After the rejection of a first proposal of CFAF 70.887 billion, the sum of CFAF 38.5 billion, giving an absorption rate of 35.20%, was retained. The weighted average yield for investors is 5.71% for the 3-year bonds and 6.14% for the 7-year bonds. As for the maturity date, it is set at July 15, 2025 for the 3-year bonds and July 15, 2029 for the 7-year bonds. In addition, the payment of interest on the bonds will be made annually on the basis of a fixed interest rate of 5.75% for the 3-year bonds and 6.15% for the 7-year bonds, from the end of the first year.