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Financial market: Senegal cashes in 82.5 billion CFA francs

10/02/2021
Categories: Economy/Forex

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Senegal successfully raised CFAF 82.5 billion on the regional public securities market on February 5, 2021. This was at the end of an auction issue of equivalent Treasury bonds with a maturity of three (3), five (5) and seven (7) years.

The Directorate General of Public Accounting and Treasury received 82.5 billion FCFA at the end of an issue by auction of assimilable Treasury bonds with maturity of three (3), five (5) and seven (7) years. According to a press release from the Ministry of Finance, this intervention is part of the coverage of the financing needs of the year 2021.
The operation was carried out with the collaboration of the Umoa-Titres Agency and the Bceao. "It should be emphasized that the interest rates thus realized reflect the renewed confidence of investors in the quality of the signature of the State of Senegal, which continues to position itself as a reference state issuer on the regional market of Umoa securities. ", informs the Ministry of Finance of Senegal.

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