- One-year bill priced at 7.14 % after bids cover offer by 144 %
- Sale follows US $700 million tap in March as Dakar leans on domestic investors
Dakar, Senegal – Senegal collected CFAF 99 billion (US $174 million) in its latest foray onto the West African Economic and Monetary Union (UEMOA) debt market, authorities said on Tuesday, shrugging off concerns over a debt-to-GDP ratio above 90 %. Investors submitted CFAF 129.96 billion (US $228 million) in bids, giving the auction a 144.4 % coverage rate.
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