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Islamic debts: Senegal wants to repay nearly 13 billion CFA francs

08/01/2024
Source : ORISHAS FINANCE
Categories: Economy/Forex

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The Direction Générale de la Bourse Régionale des Valeurs Mobilières (BRVM) announced that the State of Senegal will proceed on January 26 with the payment of half-year profits and the partial repayment of its “SUKUK State of Senegal 6% 2016-2026” loan for a total amount of 12% 4.59 billion FCFA

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At the end of the trading session on Wednesday, January 3, 2024, the share price of SUKUK State of Senegal 6% 2016-2026 was at 10,750 FCFA, i.e. an increase of 750 FCFA, i.e. an increase of 750 FCFA compared to its original nominal value of 10,000 FCFA. According to the management of the BRVM, the SUKUK share (State of Senegal) 6% 2016- 2026 will trade ex-profit margin from Wednesday, January 24, 2024. This means that investors who want to acquire this stock have until Tuesday, January 23, 2024 to do so.

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