This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Bond Market News
Senegal Secures Funding to Meet March Eurobond Payments
February 19, 2026
Senegal has secured sifficient financing to cover roughly $485mn in eurobond payments due in March, easing market fears about a potential default on its offshore debt. The government raised funds through regional debt markets and has already exceeded early-2026 auction targets, with further issuances planned before the end of the first quarter. The upcoming payments will be an important test of the government’s ability to manage debt without restructuring. Prime Minister Ousmane Sonko has rejected a restructuring and instead plans to rely on regional borrowing. Concerns intensified after authorities discovered about $7bn of previously undisclosed debt from the prior administration, prompting the IMF to suspend a $1.8bn support program.
Its March obligations include a coupon on its EUR 6.75% 2048s and principal plus coupon payments on its sinkable EUR 4.75% 2028s. Additional support comes from a €630mn trade-finance facility from the International Islamic Trade Finance Corp. While near-term liquidity appears sufficient, analysts warn that reliance on short-term borrowing could create funding pressure later in 2026. Overall, the successful funding effort has significantly reduced immediate default concerns, though medium-term debt sustainability risks remain.
It’s 6.75% 2048s was trading stable at 56.8, yielding 12.57%
For more details, click here
Go back to Latest bond Market News
Related Posts:
Credit rating boost for Ireland & Portugal: EU inches towards recovery
September 20, 2017
China Refutes S&P Downgrade Action
September 26, 2017
Mongolia’s Credit Ratings Upgraded to B3 by Moody’s
January 19, 2018
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.