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Senegal: More than 79 billion raised on the UMOA financial market

18/01/2021
Categories: Economy/Forex

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Senegal raised 79.8 billion FCFA on the UMOA financial market, following a simultaneous issuance by auction of equivalent treasury bonds (OATs) with a maturity of 36 and 60 months, organized in partnership with the UMOA-Titres Agency based in Dakar.
Investors showed significant interest in this operation, subscribing to 113.07%.
The securities issued are to be redeemed from the first business day following the due date of January 18, 2024 for 3-year OATs and January 18, 2026 for 5-year OATs.
Interest, on the other hand, will be paid annually on the basis of a fixed rate of 5.60% for 3-year OATs and 5.70% for 5-year OATs, starting at the end of the first year

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