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Public Treasury: Senegal raises 99 billion FCFA on the UEMOA financial market

25/08/2023
Source : ORISHAS FINANCE
Categories: Index/Markets

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At the end of a targeted auction of 2, 3 and 5-year treasury equivalent bonds (OAT), the Directorate General of Treasury and Public Accounting of Senegal successfully raised the sum of 99 billion FCFA on the UEMOA financial market . This was in order to meet the financing needs of the State budget.

The Public Treasury was offered global tenders of 100.003 billion FCFA, i.e. a coverage rate of the auctioned amount of 111.11%, while it requested an amount of 90 billion FCFA. The amount of rejected bids was 1.003 billion FCFA, representing a very high absorption rate of 99%, and the number selected was 99 billion FCFA. The Public Treasury has planned to repay the capital of the bonds issued on the first working day following the due date of July 27, 2025 for 2-year ones, August 25, 2023 for 3-year ones, and August 25, 2028 for 5-year ones

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