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Senegal Makes Early Coupon Payments on its Eurobonds
June 8, 2026
Senegal has made early coupon payments on two of its foreign-currency bonds ahead of negotiations with the IMF scheduled for mid-June. The government disbursed a €53.75mn coupon on its EUR 5.375% 2037s alongside a $38.8mn payment on its 7.75% 2031s, both of which were not due until next week. The early coupon payments come amid analysts evaluating the nations capacity to navigate its debt without a restructuring. This is a condition viewed by many as essential to reviving IMF support. Senegal has been locked out of international capital markets since the 2024 discovery of $7bn in hidden liabilities and has heavily relied on regional financing to honor its debts. The nation faces a CFA 738bn ($1.3bn) in domestic debt-service payments over the next two months and aims to raise CFA 4tn ($7.1bn) this year. S&P has warned that this high-cost local borrowing increases refinancing risks, adding to its fiscal strain ahead of the IMF mission’s talks.
Senegal’s dollar bonds were trading weaker with its 6.25% 2033s at 53.39, yielding 18.40%.
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