The Senegalese government has mandated Invictus Capital & Finance, a management and brokerage company, to lead a fundraising of 150 billion CFA francs on the local market. This operation, which draws on national savings, aims to finance investment projects planned in the current budget, according to an official press release from the company.

This bond issue, the first of this scale under President Bassirou Diomaye Faye, aims to mobilize internal resources to support the state's priorities in 2025. With interest rates ranging from 6.40% to 6.95%, it promises attractive returns and a secure investment for investors, according to the Senegalese Press Agency (APS).

The Directorate General of Public Accounting and the Treasury, in collaboration with the Ministry of Finance and Budget, is overseeing this initiative. Invictus Capital & Finance, appointed lead arranger and manager, is supported by Société Générale Sénégal and Société Générale Capital Securities West Africa, which are acting as co-arrangers and co-managers.

The bonds resulting from this fundraising will be listed on the Regional Stock Exchange (BRVM), thus ensuring their liquidity and attractiveness to investors, whether institutional or individual.

For Invictus Capital & Finance, this transaction is part of a comprehensive strategy aimed at optimizing public spending and prioritizing local financing. If successful, it could help reduce the budget deficit, support infrastructure development, and lay the foundations for sustainable economic growth.

The success of this fundraising will, however, depend on the rigor of fiscal policies, the efficiency of investments and transparency in the use of the resources collected, essential factors for maintaining market confidence and ensuring the sustainability of Senegalese debt, the company concludes.