Niger mobilized 29.582 billion FCFA on Thursday through an issuance of Treasury bonds on the West African Economic and Monetary Union regional market, falling short of its initial target of 35 billion FCFA, according to results published by UMOA-Titres.
The operation, which covered maturities of three and five years, recorded a coverage rate of 84.52%, with all submitted bids fully accepted, reflecting an absorption rate of 100%.
The three-year tranche accounted for 20.582 billion FCFA at an average yield of 7.32%, while the five-year tranche raised 9 billion FCFA at a higher yield of 9.70%.
Investors from Togo led subscriptions for the shorter maturity, followed by Burkina Faso, which also fully covered the five-year issuance.
The fundraising comes as Niger continues to rely on the regional financial market to meet budgetary needs and manage public debt obligations.
