"Niger's Bond Issuance Cancelled Amid Sanctions and Pro-Coup Protests"

The Central Bank of West African States (BCEAO) has canceled Niger's planned $51 million bond issuance in the regional debt market due to sanctions imposed by the West African ECOWAS bloc following last week's coup. The ECOWAS regional bloc has demanded the reinstatement of Niger's ousted President within a week and imposed sanctions, including a halt on financial transactions and a freeze on national assets. Niger, heavily reliant on external aid and financing, was expected to issue two more bonds in the regional market. France, the EU, and the US have condemned the coup and suspended aid and cooperation with Niger.