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WAEMU financial market: Senegal collects 55 billion FCFA

14/03/2022
Categories: Index/Markets

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The General Directorate of Public Accounting and Treasury of Senegal, raised on March 11, 2022 on the WAEMU financial market, the sum of 55 billion FCFA. This was at the end of an issue of assimilable treasury bonds (OAT) with a duration of 7 years.

The funds raised by the General Directorate of Public Accounting and the Treasury are intended to cover the financing needs of the State budget. The issuer had auctioned a total amount of 55 billion FCFA. The total amount of bids amounted to 95.374 billion FCFA. This gives a rate of coverage of the amount auctioned of 173.41%. The amount of tenders retained is 55 billion FCFA and that rejected 40.374 billion FCFA. This gives an absorption rate of 57.67%. Investors whose bids are successful will end up with a weighted average return of 5.52%.

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