On February 5, 2021, Senegal will issue 75 billion FCFA in treasury bonds. This issue of Assimilable Treasury Bonds (OAT) aims to mobilize the savings of natural and legal persons in order to ensure the coverage of the financing needs of the State budget of Senegal. Senegal will be on the market of the West African Economic and Monetary Union (WAEMU) for a simultaneous issue of assimilable Treasury bonds by auction, amounting to 75 billion CFA francs. According to the statement issued by the West African regional debt planning agency UMOA-Titres, the maturities are three years, five years and seven years.
The simultaneous issuance of OAT by auction for an amount of 75 billion FCFA is a basket composed of three securities. The first security is an Assimilable Treasury Bond with a maturity of 3 years offering a coupon at 5.60% per year. The repayment of these bonds will be made on the first working day following the maturity date (In Fine repayment). Interest payments will be made at an interest rate of 5.6000% per annum from the first year.
The second security is an Assimilable Treasury Bond with a maturity of 5 years and a coupon of 5.70% per year. The repayment of these bonds will be made on the first working day following the maturity date (In Fine repayment). Interest payments will be made at an interest rate of 5.7000% per annum from the first year.
The third security is also a seven-year treasury bond with an interest rate of 5.80%. The repayment of these bonds will be made on the first working day following the maturity date (In Fine repayment). Interest payments will be made at an interest rate of 5.8000% per annum from the first year.
The UMOA-Titres agency informs that the nominal unit value of a treasury bond is 10,000 FCFA.  The submission date for submissions is Friday 05 February 2021 at 10:30 UTC, deadline.