Republic of Benin

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	EM/SSA PRICED: Benin US$850m 7y Sukuk / Conventional Tap 38s 2-Pt	Jan 22, 2026
	EM/SSA LAUNCH: Benin US$850m 7y Sukuk / Conventional Tap 38s 2-Pt	Jan 22, 2026
	EM/SSA UPDATE: Benin US$ Bnchmrk; 7y Sukuk Set @6.2%, Conventional Tap 38s Set @7.4%	Jan 22, 2026
	EM/SSA GUIDANCE: Benin US$ Bnchmrk; 7y Sukuk 6.375%A, Conventional Tap 38s 7.5%A	Jan 22, 2026
	NEW EM/SSA ISSUE: Benin US$ Bnchmrk 7y Sukuk and Conventional Tap 38s 2-Pt	Jan 22, 2026
	EM/SSA MANDATE: Benin USD Bnchmrk 144A/Reg S 7y Sukuk and Conventional Tap	Jan 13, 2026

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Industry	Status	Date	Ticker(s)	issuer(s)	MO	SP	FI	Size (M)	Ranking	TNR	Call	MTY	Coupon	Leads	product	Region
FNCL	PRCD	Jan 22, 2026	BENIN	Benin Sukuk SA	B1	BB-	-	$500	-	7.00	-	Jan-33	6.20%	CTI,EMN,...	HYC	EMEA
FNCL	PRCD	Jan 22, 2026	BENIN	Benin Sukuk SA, Republic of Benin	B1	BB-	-	$350	-	12.00	-	Feb-38	7.96%	CTI,EMN,...	HYC	EMEA
SSA	PRCD	Jan 16, 2025	Benin	Republic of Benin	-	BB-	B+	$500	Sr. Unsecured	16.00	-	Jan-41	8.375%	CTI,...	HYC	EMEA
SSA	PRCD	Mar 19, 2019	Benin	Republic of Benin	-	B+	B	€500	Sr. Unsecured	6.00	-	Mar-26	5.75%	SOC,CTI,...	HYC	EMEA