The cancellation is due to sanctions imposed on Sunday by the West African ECOWAS bloc after last week’s coup in Niger.
A planned 30 billion CFA franc ($51m) bond issuance by Niger scheduled for Monday in the West African regional debt market has been cancelled by the Central Bank of West African States (BCEAO) following a coup, market sources said.
At an emergency summit in Nigeria, the 15-nation Economic Community of West African States (ECOWAS) regional bloc demanded on Sunday that Niger’s President Mohamed Bazoum, who was ousted from power last week, be reinstated within a week.