The State of Senegal has succeeded in raising more than 450 billion CFA francs on the regional financial market in the framework of its third Public Appeal to Savings (APE) of the year 2025, the Ministry of Finance and Budget (MFB) announced in a communiqué published this Friday. The transaction, launched on 18 September 2025 and closed on 10 October 2025, was structured by Impaxis Securities, in collaboration with Société Générale, co-arranger and co-head of file. It is part of a strategy to diversify the sources of sovereign financing and to strengthen the investor base, the ministry said. Initially planned for an objective of 300 billion FCFA, the APE 3 has finally reached a rate of coverage of more than 150%, testifying to the strong demand of institutional investors and the involvement of the Senegalese diaspora, installed in more than 45 countries. According to the communiqué, this performance illustrates the renewed confidence of investors in the economic prospects of Senegal and their willingness to directly support the national development effort. The Ministry also stresses that the operation was carried out “in compliance with a sovereign management of the budgetary and financial policy of the State, based on rigour, transparency and the absence of external interference”. Finally, the government expressed its gratitude to the citizens, the diaspora, as well as the partners and institutional investors who continue to believe in the “promise of a State standing, engaged in its economic refoundation”.
Diaspora Bonds: the Senegalese take more than 450 billion FCFA on the regional market
