Senegal raised 33 billion FCFA on February 14, 2025, through Treasury Bills and Bonds on the UEMOA market, achieving a high coverage rate due to significant investor demand. This issuance follows a previous successful auction, reflecting strong market confidence in Senegal’s financial strategy.
Senegal has raised 33 billion FCFA on the UEMOA financial market, confirming its strong financial management. On February 14, 2025, the General Directorate of the Treasury and Public Accounting (DGTCP) conducted simultaneous issuances of Treasury Bills (BAT) and Treasury Bonds (OAT), aiming to fulfill state budgetary financing needs. Despite aiming for a maximum of 30 billion FCFA, total submissions reached nearly 53 billion FCFA, demonstrating high investor interest with a coverage rate of 176.60%.
For this issuance, investors will earn a weighted average yield of 7.21% for BAT and 7.93% for OAT. The issued BAT will mature on February 15, 2026, while OAT will mature on February 17, 2028, offering fixed annual interest payments of 6.30% starting after the first year. This follows another successful operation on January 31, when Senegal raised 55 billion FCFA, also exceeding the original target due to strong demand.
The participants in this financial engagement predominantly came from Senegal, Togo, and Burkina Faso, highlighting the appeal of Senegalese securities within the UEMOA market. These successful fundraising activities underline Senegal’s efforts to diversify its financing sources and bolster investor confidence in its financial stability.
The recent fundraising efforts underscore Senegal’s robust economic positioning within the UEMOA region, reinforcing its financial stability and management capabilities. The strong investor interest signals confidence in Senegal’s government securities, allowing the country to effectively meet its financing needs.
Original Source: www.senenews.com
