Senegal’s Ministry of Finance and Budget has successfully concluded its third Public Offering of Savings (APE) for 2025, surpassing expectations by raising over 450 billion FCFA.
This marks a significant achievement, as the initial target was set at 300 billion FCFA.
The operation, which closed on October 10, 2025, was met with exceptional investor interest, demonstrating widespread confidence in the nation’s economic stability and prospects.
The third APE of the year, which ran from September 22 to October 10, was notably open to Senegal’s diaspora, reflecting the government’s inclusive financing strategy.
With a coverage rate exceeding 150%, the operation drew attention from both institutional and individual investors, including Senegalese nationals living in over 45 countries.
This strong response underscores the growing trust in Senegal’s financial management and its long-term economic stability.
The funds raised will be used to cover various financing needs approved by Parliament, as stipulated by the country’s current finance law.
The Ministry of Finance emphasized that the successful operation is part of a broader strategy to enhance Senegal’s financial sovereignty and diversify its sources of funding.
The success of this third offering builds on the momentum of two previous successful APEs held earlier in 2025.
The first, from March 27 to April 18, raised over 150 billion FCFA, while the second, from June 19 to 30, saw a raise of 300 billion FCFA. These consistent results reflect the country’s solid financial credibility and its ability to secure substantial resources on the regional financial market.
In addition, the latest public offering demonstrates Senegal’s unwavering commitment to its Economic and Social Recovery Plan (PRES), which aims to strengthen budgetary consolidation and drive public investment.
The Ministry of Finance also assured that the process adhered strictly to principles of transparency and fiscal rigor, values central to Senegal’s budgetary policy.
The public offering’s success follows a recent downgrade of Senegal’s credit rating by Moody’s Investor Services, which lowered the nation’s rating from B3 to Caa1.
The Senegalese government, however, dismissed the downgrade as “speculative and subjective,” reaffirming that the country’s financial management efforts were not adequately reflected in the assessment.
This latest fundraising operation further confirms the strong confidence investors have in Senegal’s economic future and its determination to maintain sovereign financial management amid global challenges.
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