The State of Senegal will proceed on May 25, 2021 with the payment of half-yearly interest and the partial repayment of the capital of its bond loan called the State of Senegal 6.30% 2015-2025 for an amount of 3.653 billion FCFA (5.479 million euros ).
Interest amounts to 875 million FCFA and the capital to 2.778 billion FCFA.
In order to partially finance its budget deficit for the year 2015 estimated at CFAF 396.2 billion, the State of Senegal had successfully launched, from October 30 to November 20, 2015, a bond loan by public appeal to the savings on the West African Monetary Union (WAMU) financial market for an amount of CFAF 50 billion.
This is how 5 million bonds were issued at a unit price of 10,000 FCFA.
The issuer had undertaken to pay investors an annual interest rate of 6.30% payable semi-annually over a period of 10 years with one year deferral and covering the period 2015-2025.
The repayment of capital was also to take place semi-annually, after a deferred year, at the rate of one eighteenth (1/18) of said capital.
