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Bond Market News
Senegal’s Bonds Inch Up on Intensifying Talks with IMF
October 16, 2025
Senegal’s bonds inched up after IMF chief Kristalina Georgieva said talks on a new Fund-supported program for the African nation are well underway and would “intensify” in the coming weeks. The country is seeking to resolve a misreporting case with the IMF after revealing over $11bn in previously undisclosed debt. Georgieva met with Finance Minister Cheikh Diba during the IMF–World Bank meetings in Washington, describing the discussions as “productive”. Earlier this week, Senegal also announced it had raised XOF 450bn ($798mn) in a regional bond sale that saw strong participation from Senegalese expatriates. After witnessing a recent downgrade by Moody’s, market sentiment improved on optimism that the IMF and bilateral support will help secure a program and financing assurances for 2026.
Its 6.75% 2048s rose by 0.2 points to trade at 64.5 cents on the dollar, yielding 11.13%.
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