Through the Fonds commun de titrisation de créances (FCTC) IJARA SOGEPA SN 2022, Senegal is looking for 300 billion FCFA on the WAEMU financial market.

It is through a public issue of an Islamic bond called Sukuk Ijara SOGEPA SN 2022 that Senegal is launching the subscription, which starts on April 22nd and ends in principle on April 26th 2022.CGF Bourse is the lead manager of the Management and Intermediation Companies (MIS) and all the MIS approved by the CREPMF are members of the underwriting syndicate. The issue price is 10 000 FCFA with a half-yearly periodicity of rents.

The amount of the issue is divided into three tranches. The first one of 50 billion named SUKUK IJARA SOGEPA SN 2022-2029, with a maturity of 7 years and a deferment of one year, has a nominal rate of 5.80%. The second tranche of 50 billion, also called SUKUK IJARA SOGEPA SN 2022-2032, with a maturity of 10 years and a deferment of one year, has a nominal rate of 5.95%. As for the third tranche, amounting to 200 billion FCFA, named SUKUK IJARA SOGEPA SN 2022-2037, with a maturity of 15 years with a deferment of 2 years, it has a nominal rate of 6.10%.