Senegal raises CFA55 billion as five-year yield climbs to 8.24%

Investors offered more than the CFA50 billion sought. Borrowing costs rose on the one- and five-year maturities compared with 9 October.

By Babatunde Adeyemi · 24 October 2026 · 1 min read

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The BCEAO branch in Ziguinchor, Senegal, in January 2008, an archive illustration. Ji-Elle, public domain, via Wikimedia Commons.

Senegal raised CFA55 billion on the regional market on Friday 23 October, CFA5 billion above its target, in an auction dominated by the five-year bond. The weighted average yield on that maturity reached 8.24%, up from 7.82% at the 9 October auction of the same bond.

Investors submitted CFA69.4 billion in bids against a CFA50 billion target. The Treasury mainly accepted five-year subscriptions, worth CFA36 billion, followed by the twelve-month bill, worth CFA18.5 billion.

The yield on the twelve-month bill also rose, by 19 basis points from 9 October to 8.06%. The three-year bond yielded 8.01%.

The rise in one- and five-year yields increases the cost of this funding for the state. At the 9 October auction, Senegal had accepted CFA74.4 billion against a CFA80 billion target.

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