The last country programmed under phase 3 of the Covid-19 social bonds, Niger raised 110 billion FCFA on Tuesday, November 10 on the WAMU regional market. The country had raised the same amount on May 12, 2020 during the first phase, and on August 11 during the second wave.

With a coverage rate of 148.76% of the amount put out to tender, the operation aims to allow the State to mobilize savings in order to cover the cash lags created by the fight against the pandemic caused by Covid-19 and its consequences.

According to the report published by the Umoa-Titres agency in charge of the management and promotion of public securities in the WAMU zone, no investor from Niger has subscribed to the amount put up for auction. The "windfall" was provided by investors based in Burkina Faso (44.3 billion FCFA), Côte d'Ivoire (36 billion) and Togo (29.6 billion).

It should be noted that the 5 countries programmed during this third phase 3 of covid-19 bond issues target a total amount of 671.13 billion FCFA. Operations began on October 27, 2020 with Senegal and end on November 10 with a maturity of one month, compared to 3 months in the first two phases.