At the end of an auction of Treasury bills (BAT) with a maturity of 364 days and Treasury bonds (OAT) with maturities of 3 and 5 years, the State of Senegal, through its Public Treasury, raised an amount of 60.365 billion CFA francs (108.659 million dollars) on the financial market of the West African Economic and Monetary Union (WAEMU) on Friday, April 10, 2026.
The issuer had put up for auction an amount of 65 billion CFA francs. In response, investors submitted a total amount of 75.865 billion CFA francs, representing a coverage rate of 116.72% of the amount put up for auction. Out of the total amount of submissions, the Senegalese Public Treasury retained 60.365 billion CFA francs and rejected the remaining 15.500 billion CFA francs, with an absorption rate of 79.57%. The weighted average yield is 6.81% for BAT, 7.98% for 3-year OAT, and 7.76% for 5-year OAT.
The repayment of the issued BAT will be made on the first working day following the maturity date set for April 11, 2027. As for the payment of interest, it will be made in advance and prepaid on the face value of these bills, which is one million CFA francs.
The repayment of the capital of the OAT will also be made on the first working day following the maturity date set for April 13, 2029 for the 3-year maturity securities and April 13, 2031 for the 5-year maturity securities. The payment of interest will be based on an annual rate of 6.30% for 3-year OAT and 6.45% for 5-year OAT, starting from the end of the first year.
The total amount of public securities (bills and treasury bonds) issued by Senegal on the WAEMU financial market as of April 9, 2026, amounts to 1.069 trillion CFA francs, representing 23.60% of the total issuances made by the 8 member states of the WAEMU, which amount to 4.529 trillion CFA francs. The amount of capital repaid by Dakar is 591 billion CFA francs, and the amount of interest paid is 85 billion CFA francs.
