(Ecofin Agency) - Niger plans to raise FCFA40 billion on the WAEMU’s financial market, by issuing fungible treasury bonds next June 28. This was reported by the WAMU-securities agency which is based in Dakar, Senegal.

Each security has a nominal value of FCFA10000 and a single interest rate of 6%. The operation will be carried out over five years, closing on June 29, 2022.

Under its terms, the bonds will be reimbursed yearly with a 1 year grace period. As for interests, they will be paid on a 6% per year basis, starting from the first year.

Guevanis DOH