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UMOA financial market: Senegal raises 43,529 billion FCFA

20/01/2025
Source : ORISHAS FINANCE
Categories: Index/Markets

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The State of Senegal raised on January 17, 2025 on the financial market of the West African Monetary Union (UMOA) an amount of 43.529 billion FCFA (69.646 million dollars) after a targeted auction of assimilable treasury bills with a maturity of 364 days and comparable 3 and 5 year treasury bonds.

The treasury had put 40 billion CFA francs up for auction. At the end of the operation, UMOA-Titres listed global tenders of 76.131 billion FCFA. This corresponds to a coverage rate of 190.33% for the amount put up for auction.

The amount of tenders selected was 43.529 billion FCFA and that rejected was 32.602 billion FCFA. This gives an absorption rate of 57.18%

.

Investors whose submissions were successful will end up with a weighted average return of 7.38% for good bonds, 7.90% for 3-year bonds and 7.77% for 5-year bonds.

The DGCPT undertakes to repay the vouchers on the first working day following the due date set on January 18, 2026. Interest is payable in advance and deducted from the nominal value of these

vouchers.
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