Senegal seeks 140 billion CFA francs in five days
By the AFREEQUE newsroom, based on Senego
The Senegalese Treasury aims to raise 140 billion CFA francs over five days on the regional market, including 50 billion in three-month bonds repayable as early as February 2027. Another operation of 90 billion CFA francs is scheduled for 20 November, while the 2027 budget and disbursements under the $2.2 billion IMF programme remain uncertain, according to Senego.
Senegal aims to raise 140 billion CFA francs on the regional market in five days, according to lactuacho. The bulk will come through an issue of Treasury bonds on 16 November, whose principal must be repaid as early as February 2027.
These bonds have a three-month maturity, whereas the 6 November operation offered maturities of twelve months, three years and five years. Interest will be deducted in advance, at the time of issue. Another operation of 90 billion CFA francs is scheduled for 20 November.
Senegal had already raised 100 billion CFA francs on 13 March 2026, in 364-day bonds, then 77 billion after the auction of 28 August. Since the start of the year, the amount mobilised had reached 2,075 billion CFA francs. Mademba Aas Njaay also stresses that rating agencies judge the economic outlook less favourable, and believes that new borrowing could be used for refinancing if budgetary resources are insufficient.
The vote on the 2027 budget and the payments expected under the $2.2 billion programme negotiated with the IMF remain uncertain. The IMF programme timetable is itself weakened by this budgetary situation.
