A press release from the Senegalese Ministry of Finance and Budget announced that the State of Senegal has successfully mobilized 750 million US dollars on the international capital markets.

In order to cover the financing needs of the operations of the finance law for the year 2024, the State of Senegal has mandated JP Morgan London in order to mobilize, under conditions in line with its debt management strategy, resources in the amount of 500 million US dollars. Indeed, according to the press release from the Senegalese Ministry in charge of finance and the budget, on Monday, June 03, 2024, the launch of Senegalese government bonds, in private placement with investors on the international capital markets. The ministry indicates that the success of the transaction, established by the strong support of targeted investors, attests to their constant support for the public policy financing initiatives of the State of Senegal, as well as their renewed confidence in its signature quality