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Senegal bond sale oversubscribed as investors back stability, growth outlook

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Flag of Senegal flying in Dakar. Photo by Victor Rutka @ Unsplash
Flag of Senegal flying in Dakar. Photo by Victor Rutka @ Unsplash

Alhousseiny Djigo

Alhousseiny Djigo is an experienced financial journalist based in Dakar.
  • Senegal raises $65 million in record Treasury bond issuance
  • Strong investor demand reflects confidence in fiscal discipline and growth prospects

 

DAKAR, SENEGAL – Senegal has confirmed its appeal to investors in the regional financial market after raising $65 million in a Treasury bond sale that was oversubscribed by more than 113 percent.

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