Public Management

Covid-19 social bonds: Niger raised $180mln on the WAEMU securities market

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
On the same topic
Adenia Partners acquires a majority stake in Cairo-based Parkville Pharmaceuticals in its first deal in Egypt. The transaction marks Adenia’s entry...
Angola plans to introduce a debt-for-health swap mechanism in 2026 to reduce debt costs and fund healthcare. The government targets about $1.7...
Zambia has completed its IMF program, quietly rebuilding credibility as growth, inflation and fiscal metrics improve faster than market perceptions...
Zahid Group acquired 100% of Barloworld for 23 billion rand ($1.4 billion) through a consortium called Newco. The transaction triggered Barloworld’s...
Most Read
01

The BoxCommerce–Mastercard Partnership introduces prepaid cards, giving SMEs instant access to e...

South Africa’s BoxCommerce Partners with Mastercard on SME Fintech Solution
02

Circular migration is based on structured, value-added mobility between countries of origin and host...

Circular migration as a lever to turn Africa’s student exodus into value
03

Togolese banks provided 16.2% of WAEMU cross-border credit by September 2025 Regional cross...

Togo accounts for 16.2% of cross-border bank financing in WAEMU
04

President Tinubu approved incentives limited to the Bonga South West oil project. The project tar...

Nigeria approves targeted incentives to speed up Shell’s Bonga South West project
05

BRVM listed the bonds of the FCTC Sonabhy 8.1% 2025–2031, marking Burkina Faso’s first securitiz...

BRVM Lists Burkina Faso’s First Securitization Fund Bonds
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.