On September 3, Senegal will be on the market of the West African Economic Monetary Union (UEMOA). The country will issue similar Treasury bonds by auction, for an amount of 50 billion CFA francs and maturities of five and seven years.

The operation managed by the UMOA-Titres agency aims to enable the issuer to mobilize the savings of natural and legal persons in order to cover the financing needs of the Senegalese State budget within the framework of these economic recovery plans in order to contain the effects of the COVID-19 pandemic and restore performance prior to the health crisis. The date for submitting submissions is set for Friday, September 03, 2021 at 10:30 a.m. UT, deadline. The issuance of Bonds Assimilables du Trésor (OAT) by auction for an amount of 50 billion FCFA is a basket composed of two securities. The face value of a treasury bond is 10,000 FCFA.

The first security is an Equivalent Treasury Bond with a maturity of 5 years offering a coupon of 5.60% per year. Bids are made at multiple prices at 9,900 FCFA. The repayment of the capital will take place on the first working day following the due date set at September 06, 2026. The repayment of the capital will take place on the first working day following the due date and the payment of interest will be made annually on the basis of the rate of fixed interest from the end of the first year. The second security is a Bond Assimilable du Trésor with a maturity of 07 years and a coupon of 5.80% per year. Bids are made at multiple prices. The repayment of the capital will take place on the first business day following the due date set on September 06, 2028. The payment of interest will be made annually on the basis of the fixed interest rate and this, from the end of the first year.