The General Directorate of Public Accounting and Treasury of Senegal raised on April 23, 2021 an amount of 55 billion FCFA on the financial market of the West African Monetary Union (WAMU).

This was at the end of its issuance of Treasury bonds (ORD) with 5-year and 10-year maturities . Organized in partnership with the Agence UMOA-Titres based in Dakar, the issuance of ODRs aims to enable the issuer to mobilize the savings of natural and legal persons in order to cover the financing needs of the the State as part of its economic recovery plans in order to contain the effects of the COVID-19 pandemic and restore performance prior to the health crisis.

The issue of Senegal resulted in 215.014 billion FCFA of global bids from investors while the amount auctioned by the issuer was only 50 billion FCFA. This gives a rate of coverage of the amount auctioned of 430.03%.

The Senegalese Public Treasury has decided to withhold 55 billion FCFA and reject the remaining 160.014 billion FCFA, representing an absorption rate of 25.58%. The issuer has undertaken to redeem the securities issued on the first business day following the maturity date set at April 26, 2026 for ODRs with a 5-year maturity and April 26, 2031 for ODRs with a 10-year maturity. The interest rate is set at 5.60% for 5-year ODRs and 6% for 10-year ODRs.