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Treasury bonds: Senegal raises 55 billion FCFA on the WAEMU financial market

31/01/2022
Categories: Index/Markets

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Two weeks after having collected the 40 billion FCFA raised on January 14, 2022, the Senegalese Public Treasury has just carried out a new fundraising on the WAEMU financial market. This was at the end of its issue of assimilable treasury bonds (OAT) with a duration of 10 years, carried out on Friday January 28, 2022.

The UMOA-Titres agency, organizer of the operation, informs that the Public Treasury has auctioned 50 billion FCFA. The total amount of bids made by investors stood at CFAF 63.933 billion, representing a rate of coverage of the amount auctioned of 127.87%. After auction, the issuer retained 55 billion FCFA and rejected the remaining 8.933 billion FCFA, representing an absorption rate of 86.03%. The funds raised aim to cover the financing needs of the State budget.

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