DAKAR, Dec 23 – Senegal has pushed back the closing date for its CFA 400 billion ($719 million), local-currency bond sale by several days, according to a statement from lead arranger Invictus Capital & Finance SA.
The offering, which is taking place on West Africa’s regional UMOA-Titres market, is now scheduled to close on December 26, four days later than initially planned. The transaction is expected to be Senegal’s final public bond issuance of 2025.
Under the revised timeline, the government is offering the debt across four maturities, with three-year notes priced at 6.4%, five-year notes at 6.6%, seven-year notes at 6.75%, and ten-year notes at 6.95%, Invictus said in a post on LinkedIn.
The bond sale forms part of Senegal’s broader domestic financing strategy as the government seeks to meet budgetary needs while managing external borrowing pressures. Like several regional peers, Senegal has increasingly turned to local and regional capital markets to diversify funding sources amid tighter global financial conditions.
Investors will be closely watching demand for the issue, as yields across the West African Economic and Monetary Union have risen in recent years due to elevated fiscal deficits and higher interest rates.
