World Dakar raises 38.5 billion CFA francs on the regional...

Dakar raises 38.5 billion CFA francs on the regional market

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Dakar, Jun 3 (APS) – The State of Senegal raised Friday 38 billion 500 million CFA francs, following an issue of assimilable Treasury bonds in the amount of 35 billion CFA francs, announcement the UMOA-Titres agency.

For a total tender amount of 35,000 million CFA francs, the program received bids totaling 45,081,000 million CFA francs, according to an auction report from the said agency.

In sum, the successful bids amount to 38,500,000 million CFA francs, and those rejected to 6,581,000 million CFA francs.

The coverage rate of the amount tendered by bids is 128.80%, compared to 110.00% for the coverage rate of the amount tendered by successful bids.

The operation, whose maturity is three years, aimed to “mobilize the savings of natural and legal persons in order to cover the financing needs of the State of Senegal’s budget”.

Interest will be paid annually at 5.85%.

The operation expires on July 6, 2023, according to the agency UMOA-Titres.

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