DAKAR (Reuters) - Senegal on Wednesday raised 775 million euros ($946.35 million) in a Eurobond sale that was oversubscribed six times, the Finance Ministry said.
The yield was 5.375% for bonds that will mature in 16 years, the Finance Ministry said in a statement. The funds will be used to buy 70% of another Eurobond that expires in 2024 and to finance Senegal's participation in oil and gas projects, it said.
($1 = 0.8189 euros)
(Reporting by Diadie Ba; Writing by Aaron Ross; Editing by Leslie Adler)
Price
|
Change
|
5d. change
|
Capi.
| ||
|---|---|---|---|---|---|
| 87.73 USD | -0.75% | -1.98% | - | ||
| 82.54 USD | -0.99% | -2.91% | - | ||
