{"id":166922,"date":"2025-12-25T17:35:06","date_gmt":"2025-12-25T17:35:06","guid":{"rendered":"https:\/\/www.nettali.com\/?p=166922"},"modified":"2025-12-25T17:35:27","modified_gmt":"2025-12-25T17:35:27","slug":"emprunt-obligatoire-de-400-milliards-de-fcfa-lecheance-du-26-repoussee","status":"publish","type":"post","link":"https:\/\/www.nettali.com\/2025\/12\/25\/emprunt-obligatoire-de-400-milliards-de-fcfa-lecheance-du-26-repoussee\/","title":{"rendered":"EMPRUNT OBLIGATOIRE DE 400 MILLIARDS DE FCFA - L'\u00e9ch\u00e9ance du 26 repouss\u00e9e"},"content":{"rendered":"<p><b>NETTALI.COM - <\/b><b>L\u2019\u00c9tat du S\u00e9n\u00e9gal, en collaboration avec la soci\u00e9t\u00e9 d\u2019interm\u00e9diation Invictus Capital &amp; Finance, se trouve actuellement dans une phase d\u00e9licate pour boucler son dernier emprunt obligataire de l\u2019ann\u00e9e 2025. <\/b><\/p>\n<p>Initialement pr\u00e9vue pour se cl\u00f4turer plus t\u00f4t, cette op\u00e9ration d\u2019envergure portant sur 400 milliards de francs CFA (environ 719 millions de dollars) a \u00e9t\u00e9 officiellement repouss\u00e9e au 26 d\u00e9cembre. Selon des informations rapport\u00e9es par le journal Le Quotidien, ce d\u00e9calage de quatre jours intervient sans explication officielle de la part des autorit\u00e9s, ce qui alimente les interrogations sur une possible saturation du march\u00e9 financier r\u00e9gional de l\u2019Umoa.<\/p>\n<p>Le calendrier r\u00e9vis\u00e9 par l'arrangeur principal, Invictus, pr\u00e9cise que cette dette est structur\u00e9e autour de quatre maturit\u00e9s distinctes. Les investisseurs se voient proposer des taux allant de 6,4 % pour les titres \u00e0 trois ans jusqu'\u00e0 6,95 % pour les obligations \u00e0 dix ans, en passant par des taux de 6,6 % et 6,75 % pour les \u00e9ch\u00e9ances de cinq et sept ans. Cette \u00e9mission est cens\u00e9e marquer le point final des sollicitations de l'\u00c9tat s\u00e9n\u00e9galais sur le march\u00e9 public pour l'exercice en cours.<\/p>\n<p>Le journal souligne que cette situation contraste avec l'euphorie des op\u00e9rations pr\u00e9c\u00e9dentes men\u00e9es durant l'ann\u00e9e 2025. En mars dernier, un premier appel public \u00e0 l\u2019\u00e9pargne de 150 milliards de francs CFA avait \u00e9t\u00e9 couronn\u00e9 de succ\u00e8s sous l'\u00e9gide du m\u00eame cabinet. Fort de cette r\u00e9ussite, le gouvernement a tent\u00e9 de r\u00e9it\u00e9rer l'exp\u00e9rience avec un montant nettement plus ambitieux de 400 milliards pour clore l'ann\u00e9e. Entre-temps, le S\u00e9n\u00e9gal avait \u00e9galement mobilis\u00e9 364 milliards de francs CFA en juillet via les \u00ab Diaspora Bonds \u00bb, une op\u00e9ration dont le nom sugg\u00e9rait une implication de l\u2019\u00e9tranger mais qui s\u2019est finalement appuy\u00e9e sur les acteurs locaux et r\u00e9gionaux faute de logistique adapt\u00e9e pour la diaspora.<\/p>\n<p>Un autre signal fort avait \u00e9t\u00e9 envoy\u00e9 le 18 septembre, lorsque le pays avait r\u00e9ussi l'exploit de r\u00e9colter 450 milliards de francs CFA, alors qu'il n'en sollicitait que 150 milliards. Cependant, ce dynamisme semble aujourd'hui s'essouffler.<\/p>\n<p>Pour Le Quotidien, ce retard in\u00e9dit sugg\u00e8re que le gouvernement s\u00e9n\u00e9galais, tr\u00e8s d\u00e9pendant des banques et institutions de la sous-r\u00e9gion pour maintenir ses finances \u00e0 flot dans un contexte \u00e9conomique morose, pourrait avoir atteint les limites de la capacit\u00e9 d'absorption de ses partenaires financiers habituels.<\/p>\n<div class='share-to-whatsapp-wrapper'><div class='share-on-whsp'>PARTAGER SUR : <\/div><a data-text='EMPRUNT OBLIGATOIRE DE 400 MILLIARDS DE FCFA - L'\u00e9ch\u00e9ance du 26 repouss\u00e9e' data-link='https:\/\/www.nettali.com\/2025\/12\/25\/emprunt-obligatoire-de-400-milliards-de-fcfa-lecheance-du-26-repoussee\/' class='whatsapp-button whatsapp-share'>WhatsApp<\/a><div class='clear '><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>NETTALI.COM - L\u2019\u00c9tat du S\u00e9n\u00e9gal, en collaboration avec la soci\u00e9t\u00e9 d\u2019interm\u00e9diation Invictus Capital &amp; Finance, se trouve actuellement dans une phase d\u00e9licate pour boucler son dernier emprunt obligataire de l\u2019ann\u00e9e 2025. Initialement pr\u00e9vue pour se cl\u00f4turer plus t\u00f4t, cette op\u00e9ration d\u2019envergure portant sur 400 milliards de francs CFA (environ 719 millions de dollars) a \u00e9t\u00e9 [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":155980,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":""},"categories":[4],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.8 (Yoast SEO v17.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>EMPRUNT OBLIGATOIRE DE 400 MILLIARDS DE FCFA - L&#039;\u00e9ch\u00e9ance du 26 repouss\u00e9e | Nettali.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.nettali.com\/2025\/12\/25\/emprunt-obligatoire-de-400-milliards-de-fcfa-lecheance-du-26-repoussee\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EMPRUNT OBLIGATOIRE DE 400 MILLIARDS DE FCFA - L&#039;\u00e9ch\u00e9ance du 26 repouss\u00e9e\" \/>\n<meta property=\"og:description\" content=\"NETTALI.COM - L\u2019\u00c9tat du S\u00e9n\u00e9gal, en collaboration avec la soci\u00e9t\u00e9 d\u2019interm\u00e9diation Invictus Capital &amp; Finance, se trouve actuellement dans une phase d\u00e9licate pour boucler son dernier emprunt obligataire de l\u2019ann\u00e9e 2025. Initialement pr\u00e9vue pour se cl\u00f4turer plus t\u00f4t, cette op\u00e9ration d\u2019envergure portant sur 400 milliards de francs CFA (environ 719 millions de dollars) a \u00e9t\u00e9 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.nettali.com\/2025\/12\/25\/emprunt-obligatoire-de-400-milliards-de-fcfa-lecheance-du-26-repoussee\/\" \/>\n<meta property=\"og:site_name\" content=\"Nettali.com\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/nettalicom\" \/>\n<meta property=\"article:published_time\" content=\"2025-12-25T17:35:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-25T17:35:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.nettali.com\/wp-content\/uploads\/2025\/06\/Cheikh-Diba.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"390\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u00c9crit par\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fatou\" \/>\n\t<meta name=\"twitter:label2\" content=\"Dur\u00e9e de lecture estim\u00e9e\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.nettali.com\/#website\",\"url\":\"https:\/\/www.nettali.com\/\",\"name\":\"Nettali.com\",\"description\":\"Le rendez-vous critique du Net\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.nettali.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"fr-FR\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.nettali.com\/2025\/12\/25\/emprunt-obligatoire-de-400-milliards-de-fcfa-lecheance-du-26-repoussee\/#primaryimage\",\"inLanguage\":\"fr-FR\",\"url\":\"https:\/\/www.nettali.com\/wp-content\/uploads\/2025\/06\/Cheikh-Diba.jpg\",\"contentUrl\":\"https:\/\/www.nettali.com\/wp-content\/uploads\/2025\/06\/Cheikh-Diba.jpg\",\"width\":600,\"height\":390},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.nettali.com\/2025\/12\/25\/emprunt-obligatoire-de-400-milliards-de-fcfa-lecheance-du-26-repoussee\/#webpage\",\"url\":\"https:\/\/www.nettali.com\/2025\/12\/25\/emprunt-obligatoire-de-400-milliards-de-fcfa-lecheance-du-26-repoussee\/\",\"name\":\"EMPRUNT OBLIGATOIRE DE 400 MILLIARDS DE FCFA - 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