The State of Senegal, through its Public Treasury, raised an amount of 225.5 billion CFA francs (406 million dollars) on the West African Monetary Union (UMOA) financial market on Friday, June 27, 2025, following a targeted auction of Treasury assimilable bonds (BAT) with a maturity of 364 days and assimilable Treasury bonds (OAT) of 3 and 5 years.
The Senegalese Public Treasury had put up for auction an amount of 205 billion CFA francs and received total bids of 264.302 billion CFA francs, representing a coverage rate of 128.93%.
Out of the total bids, the issuer retained 225.5 billion CFA francs and rejected the remaining 38.802 billion CFA francs, with an absorption rate of 85.32%. The amount retained comes from the 3-year BATs and OATs.
The weighted average yield of the BATs is 7.21% and that of the OATs is 7.53%.
The Senegalese Public Treasury has pledged to repay the bonds issued on the first working day following the maturity date set for June 28, 2026. As for the payment of interest, it will be made in advance and precomputed on the nominal value of the bonds, which is one million CFA francs.
Regarding the repayment of the capital of the OATs, it will be made on the maturity date set for June 30, 2028. Interest payments will be made annually at a rate of 6.30%, starting from the end of the first year.
According to UMOA-Titres data, the total amount of public securities issued by Senegal on the UMOA financial market as of June 26, 2025, amounts to 1,037 billion CFA francs, representing 15.32% of the total volume of issuances of all UMOA countries. The amount of capital repaid by Dakar is 512 billion CFA francs and the amount of interest paid is 81 billion CFA francs.
