Niger: First regional bond of 2013 deemed a "total success"

Feb 13, 2013

The financial authorities of Niger labelled the last Treasury bond - which has raised more than Fcfa15 billion (€ 23 million) on financial markets – a "total success".

The financial authorities of Niger labelled the last Treasury bond - which has raised more than Fcfa15 billion (€ 23 million) on financial markets – a "total success".

"These results are a testament to the complete success of the transaction, reflecting the dynamism of market players as well as confidence in the quality of the issuer," said the National Directorate of Central Bank of West African States (BCEAO) for Niger in a statement last Monday.

This bond issue, the first of the year 2013, contributes to animating the regional market of government securities - which gives UEMOA Member States an alternative source to cover their cash needs, adds the statement, published by Xinhua.

Several bond debts issued in Africa have been successful over the past few years, which helped African states and development institutions to leverage funds to pursue their activities, such as small to medium-sized enterprise financing or infrastructure.ADNFCR-2976-ID-801539602-ADNFCR