As part of the third series of Covid-19 social bonds, the State of Niger, through its public treasury, raised on November 10, 2020 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 assimilable treasury bills (BAT) with a maturity of 28 days.

Global submissions of 163.632 billion FCFA from investors were recorded by the Agence UMOA-Titres, organizer of the operation in coordination with the Central Bank of West African States (BCEAO) for an amount set aside auction of 110 billion FCFA. This gives a rate of coverage of the amount auctioned of 148.76%.

The Niger public treasury withheld 110 billion FCFA and rejected the remaining 53.632 billion FCFA, representing an absorption rate of 67.22%.

The weighted average rate of the operation is 2.52% and the marginal rate 2.59%. As for the weighted average return, it stood at 2.53%.

The issuer has undertaken to repay the capital on the first business day following the due date set at December 8, 2020. The State of Niger's cash flow plan to repay this debt is funded by the commitments of its technical partners financial (PTF).

As for interest at a rate less than or equal to 3%, it is payable in advance and deducted from the nominal value of the bonds, which is one million FCFA.