This landmark deal took place following the tender notice related to the simultaneous issuance of 364 treasury bills and bonds for tenders relating to the simultaneous issue of 364-day Treasury Bills and Bonds for Fungible Treasury Bonds (OATs) from 3 to 5 years, with a coverage rate of 109.29%. These 457.99 billion FCFA constitute the highest amount that a country has managed to obtain on the financial market of the West African Monetary Union (UEMOA).
According to UEMOA-Securities (UT), thanks to this operation, the issuance of Bonds and Fungible Treasury Bills made it possible to mobilize 304.6 billion FCFA. With reference to Fungible Treasury Bonds, with a maturity from 3 to 5 years, it was possible to respectively raise 122, 3 Billion Fcfa and 31 Billion Fcfa. It is also important to stress that the weighted average return is 9.30% for 364-day Fungible Treasury Bonds; 9,35% for a three-year Fungible Treasury Bond(OAT) and 8.68% for a five-year OAT.
Similarly, the majority of investments come from domestic entities, with 140.7 billion FCFA subscribed by Nigeriens, and followed nationals from Burkina Faso and Ivory Coast, illustrating a strong regional interest. All UEMOA member states participated in this operation, demonstrating a dynamic of regional financial solidarity and support for the Niger economy.
Source: Le Capital
