The State of Senegal has officially launched its fourth public offering of the year. The operation aims to raise 400 billion CFA francs. The subscription period runs from December 2, 2025, to December 22 of this year.

This is a simultaneous bond issuance structured around four very attractive tranches: a three-year tranche with a rate of 6.40%, a five-year tranche with an interest rate of 6.60%, a seven-year tranche with a rate of 6.75%, and a ten-year tranche with a rate of 6.95%. The transaction is tax-exempt for residents of Senegal.

Finance Minister Cheikh Diba, who presided over the launch ceremony of the operation, indicated that this fourth public offering has three major advantages: "A reliable savings solution guaranteed by the State, a robust and secure regulatory framework and a direct contribution to the financing of national development," he assured.

The first three public offerings have demonstrated the effectiveness of this instrument, the minister emphasized. They have, he said, illustrated the growing confidence of investors in the country's financial trajectory. Now, the fourth offering will amplify this momentum.

Sheikh Diba explained that the maturities have been diversified in order to better meet the varied profiles of investors: from savers looking for medium-term stability, to institutional investors who want longer horizons.

Thus, this fourth public offering of the year aims to finance the cash flow needs included in the budgetary framework for the 2025 financial year and to support the strategic projects of the National Transformation Agenda.

Beyond financing, it is part of a "prudent debt management strategy, allowing for the diversification of funding sources." It will also strengthen the regional financial market, broaden the investor base by consolidating the participation of savers and institutional investors, and promote a culture of productive savings.

A set of factors that will contribute "to the deepening of our capital market and the availability of long-term resources," said Finance and Budget Minister Cheikh Diba.