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Support and resilience bonds: Senegal collects CFAF 38.5 billion

29/08/2022
Categories: Index/Markets

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After issuing support and resilience vouchers (BSR) for 364 days, Senegal's Public Treasury cashed on Friday, August 26, 2022 on the UEMOA financial market the sum of 38.5 billion CFA francs.

UMOA-Titres, organizer of the operation, informs that the overall bids were evaluated at 83.610 billion FCFA. The amount put up for auction by the issuer amounted to 35 billion FCFA. This gives a fairly high coverage rate for the amount put up for auction of 238.89%. The winning bids amounted to 38.5 billion FCFA and the rejected to the remaining 45.110 billion FCFA. This gives an absorption rate of 46.05%. Investors whose bids were successful will end up with a weighted average return of 3.21%.

The redemption of issued vouchers is scheduled for the first business day following the due date of August 27, 2023. On the other hand, interest is payable in advance and deducted from the nominal value of the bonds.

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