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Senegal raises $64mn on WAEMU as investors favour longer maturities

Fishing market in Dakar, Senegal. Photo by Marie Vicat @ Pixabay
Fishing market in Dakar, Senegal. Photo by Marie Vicat @ Pixabay
  • Senegal raises $64mn with strong regional demand
  • Investors tilt towards longer-dated WAEMU debt

 

DAKAR, SENEGAL – Senegal has raised $64 million in a fresh operation on the West African Economic and Monetary Union (WAEMU) market, underscoring growing investor appetite for regional sovereign debt.

The Senegalese Treasury issued two Treasury bills with maturities of 182 and 364 days, alongside a three-year Treasury bond, generating an oversubscription rate of 102.37%, according to the treasury.

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