Covid-19 social bonds: Niger raised $180mln on the WAEMU securities market
Thursday, 14 May 2020 12:15
The government of Niger has cashed CFA110 billion (about $180 million) on the WAEMU securities market, in the first issue of covid-19 social bonds. The initial target was CFA100 billion in the form of treasury bills maturing in 91 days.
The operation generated a total of CFA416.7 billion, but Niger’s Public Treasury will only retain CFA110 billion at a multiple interest rate lower or equal to 3.75%. A financial resource that will enable the country to cover the cash flow gaps created by the fight against the coronavirus and its consequences.
The securities issued are redeemable on the first business day following the maturity date set on 11 August 2020. Interest is payable in advance and deducted from the par value of the bonds.
Additional Info
- communiques: Non
- couleur: N/A
Live News
-
Madagascar Turns to Private Sector to Expand Rice Area by 150,000 Hectares
05:19
-
Mali Renews Loulo License for Barrick, Key Terms Still Unclear
05:03
-
Green Hydrogen in Africa: What Will It Take to Deliver Jobs?
04:48
-
Why USDA Data Matters for Global and African Agriculture
20:03
-
Togo showcases organic products at BIOFACH trade fair in Germany
04:24
-
Cameroon Road Fund Gets Only Half of Budgeted CFA60 Billion
20:01
-
For the IMF, Cameroon Still Anchors CEMAC's External Stability — But the Ground Is Shifting
19:59
-
Camareil's Four Newly Acquired Locomotives Arrive at the Port of Douala
19:57
-
Cameroon Launches Waste Trading Platform to Turn Tonnes of Rubbish to Industrial Raw Materials
19:54
-
Lomé hosts 23-nation workshop on lead paint regulations
15:40
Absa Kenya hires M-PESA’s Sitoyo Lopokoiyit, signalling a shift from branch banking to a telecom-s...
Ziidi Trader enables NSE share trading via M-Pesa M-Pesa revenue rose 15.2% to 161.1 billio...
MTN Group has no official presence in the Democratic Republic of Congo, where the mobile market is d...
Deposits grow 2.7%, supporting lending recovery Average loan sizes small, credit risk persists ...
Global South Utilities (GSU) has begun building a 5 MWp hybrid solar plant with 5 MWh battery st...
Madagascar to develop 150,000 hectares of new rice fields Imports doubled to 800,000 tons in 2025 Drought and lower yields cut 2025/26 output...
After months of dispute, Barrick Mining and the Malian government reached an agreement in November to restart the Loulo-Gounkoto gold mine. While tensions...
Green hydrogen projects are multiplying across Africa, promoted as a driver of the continent’s low-carbon transition. Whether they can generate...
On November 13, 2025, the U.S. government reopened after a 43-day shutdown, the longest in its history. The move was met with relief by agricultural...
While Afrobeat has evolved into what is now known as Afrobeats, there is little dispute that the movement was pioneered by Fela Kuti. A musical genius and...
Benin is guest of honor at the 2026 African Book Fair in Paris. More than 400 authors and 150 publishers from 20 countries are expected. The spotlight...