Senegalese group EDK opened a CFAF30 billion public bond offer in the West African regional capital market on 10 November 2026. The “Groupe EDK 7.50% 2026-2033” issue carries a fixed annual interest rate of 7.50%, with subscriptions open until 30 November. According to the Matha Securities subscription form, the transaction received authorisation EOP/26-05 from the UMOA Financial Markets Authority (AMF-UMOA).

EDK is seeking the equivalent of three million bonds with a face value of CFAF10,000 each and a seven-year maturity. Principal repayments are scheduled to begin after a two-year grace period, followed by semi-annual instalments. The African Guarantee and Economic Cooperation Fund (FAGACE) and the African Solidarity Fund (FSA) jointly guarantee 100% of principal and interest under the terms set out in the offer documents.

Forty-five new outlets in the expansion plan

The group intends to channel part of the proceeds into expanding its Senegalese retail networks. Its programme covers 15 EDK Oil service stations, 15 Djolof Chicken restaurants and 15 Carrefour EDK stores in its grocery retail business. Together, these 45 planned locations span fuel distribution, food service and consumer retail.

Another portion of the financing will support the construction of a TEFESS Industrie factory to produce feed for livestock and poultry. EDK also plans to upgrade QuickPay’s payment equipment, including contactless services and transaction security. The bond issue therefore combines investment in physical retail networks with agro-industrial and digital payment projects.

In its offer presentation, EDK reports consolidated revenue exceeding CFAF84 billion in 2025, alongside 111 existing outlets and more than 1,500 direct and indirect jobs. Those figures provide a measure of the group’s current operations relative to the planned expansion.

Matha Securities is acting as arranger and lead manager of the placement syndicate, alongside CGF Bourse as joint lead manager and MNS Capital as financial adviser. Subscriptions are being accepted through authorised financial intermediaries until the 30 November deadline stated in the subscription bulletin.