- Auction oversubscribed more than twofold
- Investors favour 12-month Treasury bills
DAKAR, SENEGAL – Senegal raised 88 billion CFA francs ($158 million) at a regional debt auction, drawing more than twice that amount in bids.
The West African nation received total orders of 170.3 billion CFA francs for the sale, according to UMOA-Titres, exceeding the 80 billion CFA francs initially offered. The strong subscription reflects sustained liquidity in the regional market, even as investors remain cautious about Senegal’s longer-term debt outlook.
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