In order to ensure the coverage of the financing needs of the Senegalese State budget, the General Directorate of Public Accounting and the Treasury (DGCPT) succeeded in raising this Friday, June 28, 2024, on the UEMOA financial market, the sum of 40.139 billion FCfa, at the end of its auction issue of Treasury Bonds (BAT), with a duration of 91 and 182 days.
The issuer had put up for auction the sum of 40 billion FCFA. At the end of the operation, it was offered by investors total bids of 54.221 billion FCFA. This gives a coverage rate of 135.55%.
The amount of bids accepted is 40.139 billion FCFA and that rejected is 14.082 billion FCFA. Which corresponds to an absorption rate of 74.03%.
Investors whose bids were accepted will end up with a weighted average yield of 6.61% for the 91-day notes and 7% for the 182-day notes.
The DGCPT undertakes to reimburse the vouchers issued on the first working day following the expiry date set at September 29, 2024 for those of 91 days and December 29, 2024 for those of 182 days. Payment of interest will be made in advance and deducted from the nominal value of the bonds.
Oumar Nourou
Source : https://www.lejecos.com/Senegal-Plus-de-40-milliar…
