The Senegalese Treasury officially launched, on Thursday, June 19 in Dakar, a bond issue through a public offering of 300 billion CFA francs (approximately 457.35 million euros). This operation, included in the 2025 Finance Law and the strategic framework of the Senegal 2050 Project, aims to mobilize resources for financing the national budget, especially projects with strong socio-economic impact.
The issuance is structured in four tranches: 20 billion CFA francs over 3 years at an annual rate of 6.40%; 110 billion CFA francs over 5 years at 6.60%; 110 billion CFA francs over 7 years at 6.75%; 60 billion CFA francs over 10 years at 6.95%.
A strategic instrument to finance national development
According to authorities, this fundraising represents a strategic response to financing needs, while promoting source diversification, budget balance control, and rigorous development planning. It also embodies a willingness to mobilize national savings, rather than relying solely on external aid.
“The resources mobilized will finance infrastructure, health, education, agriculture, digital, and cultural projects. This is not just a treasury tool, but a true development catalyst,” said Amadou Tidiane Gaye, Director General of Public Accounting and Treasury.
The State of Senegal, as the issuer, is leading this operation with CGF Bourse as the main arranger, alongside Société Générale Senegal as co-arranger, while BRVM supports the promotion of the issuance.
Mobilizing regional savings for structuring projects
For Oumar Deme, Director of the BRVM National Office in Senegal, this initiative is a strong signal in favor of regional financial integration, and an opportunity to mobilize UEMOA savings for structuring projects.
Nicolas Tauvel, Deputy General Manager of Société Générale Senegal, called on the bank’s 260,000 individual clients and 2,500 companies to subscribe massively to the operation, emphasizing the support provided for procedures, including financing.
The bond is aimed at a wide range of investors: financial institutions, companies, insurance companies, investment funds, individual savers, public entities, as well as the diaspora, targeting all potential savers in Senegal and the sub-region. Kalidou Diallo, Director General of CBGF Bourse, emphasized that this operation goes beyond a simple fundraising: “our ambition is to contribute to building a strong and integrated African financial ecosystem.”
From the launch, the State recorded an initial subscription of 547.25 million CFA francs (approximately 833,979 euros). The operation, open at the national, regional, and international levels, will continue until June 30, 2025. It is part of the dynamic of mobilizing internal resources, following a previous fundraising of 405 billion CFA francs in March 2025.
