On December 2, 2025, the Senegalese State launched its fourth public offering (APE) in the amount of 400 billion CFA francs of the year on the UEMOA regional financial market.

Bonds are part of a strategy now assumed: to mobilize domestic savings primarily to finance public investments under the Senegal Plan 2050. The transaction supervised by the UMOA Financial Markets Authority and listed on the Regional Stock Exchange (BRVM), offering to investors regulatory visibility and liquidity via the possibility of selling the shares before their maturity.

This new operation is part of the continuity of an already successful mandate. Last March, Invictus Capital & Finance was tasked by the State with mobilizing 150 billion CFA francs. The show was very popular, with three over-subscriptions. times greater than the amount sought, illustrating the increasing depth of domestic market and the credibility granted to structuring led by the arranger.

For this new APE, the loan was declined in four installments, designed to adapt to the horizons and expectations of performance of institutional investors, businesses and individuals.

Tranche A: 85 billion FCFA over 3 years, at the rate of 6.40% Tranche B: 125 billion FCFA over 5 years, at 6.60% Tranche C: 105 billion FCFA over 7 years, at 6.75% Tranche D: 85 billion FCFA over 10 years, with an efficiency of 6.95%.