To meet the financing needs of its budget, the State of Senegal, through the Public Treasury, successfully raised, on Thursday, December 26, 2024, on the UEMOA financial market, the sum of 164.999 billion FCfa at the end of a targeted auction issue of assimilable Treasury Bonds of 364 days and of assimilable Treasury Bonds of 3 and 5 years.
The issuer had put up for auction the sum of 150 billion FCFA. At the end, UMOA-Titres, organizer of the operation, listed total bids of 207.459 billion FCFA, i.e. a coverage rate of the amount put up for auction by the bids of 138.31%.
The amount of bids accepted by the issuer is 164.999 billion FCFA and that rejected at 42.460 billion FCFA. Which corresponds to an absorption rate of 79.53%.
Investors whose bids were successful will find themselves with a weighted average yield of 7.38% for 364-day bonds, 7.52% for 3-year bonds and 7.60% for 5-year bonds.
The bonds will be reimbursed on the first business day following the maturity date set at December 25, 2025. Interest will be paid in advance and deducted from the nominal value of these bonds.
Concerning the repayment of bonds, the Public Treasury intends to do so on the first working day following the maturity date set at December 27, 2027 for those with a duration of 3 years and December 27, 2029 for those with a duration of 5 years. Interest will be paid annually based on a rate of 6.30% for 3-year bonds and 6.45% for 5-year bonds, from the end of the first year.
Oumar Nourou
Senegal
