Niger cashes CFA16bln in first 2020 mobilization on WAMU securities market
Friday, 14 February 2020 11:41
In a first fundraising on the WAMU securities market this year, Niger successfully raised a total of CFA31.4 billion. Compared to the initial target of CAF15 billion, this makes a subscription rate of 209.4%.
Of this amount, the country only cashed CFA16.5 billion (about $27 million). The operation recorded 51 bids for 21 participants from the WAEMU region, including Togo which offered CFA7 billion, Burkina Faso (CFA6.2 billion) and Niger itself (CFA 6 billion). Interest rate was 6.5%, with a unit par value of CFAF10,000.
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