UEMOA financial market: the State of Niger raises 21.506 billion FCFA : Orishas-finance

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UEMOA financial market: the State of Niger raises 21.506 billion FCFA

08/11/2024

Source : ORISHAS FINANCE

Categories: Index/Markets

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UEMOA financial market: the State of Niger raises 21.506 billion FCFA

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At the end of an auction of assimilable treasury bills (BAT) lasting 91 and 364 days, the State of Niger raised on Thursday November 7, 2024 the sum of 21.506 billion CFA francs on the UEMOA financial market.

The issuer had auctioned 20 billion FCFA and received global bids of 21.506 billion FCFA, i.e. an average coverage rate of the amount put up for auction of 107.53%. All submissions were accepted, corresponding to an absorption rate of 100%. Investors whose bids are successful will end up with a weighted average return of 7.26% for 91-day vouchers and 10.32% for 364-day vouchers.

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