Senegal issues $541mln Islamic sukuk
The bond was sold in three tranches of seven years, ten years and 15 years, said the Islamic Corporation for the Development of the Private Sector in a statement.
The Sukuk certificates will be listed on West Africa’s regional stock exchange, the Bourse Regionale des Valeurs Mobilieres (BRVM).
Senegal was the first African nation to issue a sovereign Sukuk and this is its third one since 2014, the statement said.
($1 = 610.2500 CFA francs)
(Reporting by Nellie Peyton Editing by James Macharia Chege)