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Public Treasury: Senegal receives more than 66 billion CFA francs

01/08/2024
Source : ORISHAS-FINANCE
Categories: Index/Markets

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On Monday, July 29, 2024, the Senegal Public Treasury collected the sum of 66.268 billion FCFA from the WAEMU financial market. It was through an auction of assimilable treasury bills (BAT) lasting 62 and

91 days.

Senegal intends to ensure the coverage of the financing needs of the Senegalese state budget. The issuer has put an amount of 70 billion CFA francs up for auction. The amount of global bids made by investors amounts to 77.268 billion CFA francs, i.e. a coverage rate of 110.38%. The amount of tenders accepted is 66.268 billion FCFA and that rejected at 11 billion FCFA, i.e. an absorption rate of 85.76%. The Public Treasury of Senegal intends to repay the vouchers issued on the first working day following the due date set at September 29, 2024 for those of 62 days and on October 28, 2024 for those of 91 days

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