The State of Senegal, a reference issuer, is soliciting the sub-regional financial market on Friday through stimulus bonds in the amount of FCfa 70 billion and with a maturity of 15 years.

In a press release, the UMOA-Titres agency announces this issue called "Obligations de Relance OdR" which will allow the issuer to mobilize the savings of natural and legal persons in order to cover the financing needs of the budget. of the State of Senegal as part 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 nominal unit value of a stimulus bond is 10,000 FCFA. With a maturity of 15 years, it offers a coupon of 6.15% per year. 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. Income received on the Treasury Recovery Bonds is exempt from tax for investors residing in Senegal. Non-residents are subject to the taxation applicable in the territory of the country of residence. Repayment of capital will take place on the first business day following the due date set at December 13, 2036.