We use cookies to improve your experience. By using BondbloX, you agree to our use of cookies.
Bond Market News
Senegal’s Dollar Bonds Inch Higher amid New Cabinet Appointments
June 3, 2026
Senegal’s President Bassirou Diomaye Faye has appointed a new cabinet, removing several key members of the Pastef party co-founded by former Prime Minister, Ousmane Sonko. He appointed new ministers for the following portfolios — Energy & Petroleum, Mines & Geology, Infrastructure, Urban Planning & Territorial Governance and Defense. Following lengthy discussions, Pastef’s executive committee announced a total boycott, stating the party will refuse any future representation or participation in the government. Despite the political conflict, the President retained Cheikh Diba as Finance Minister, with analysts noting that it was designed to reassure international investors as he is currently leading the negotiations with the IMF to restore a $1.8bn program that was frozen in 2024. The overall update comes after Faye recently dissolved the government and dismissed Sonko, replacing him with Ahmadou Al Aminou Mohamed Lo.
Senegal’s 6.25% 2033s were trading higher by 1.7 points at 54.1, yielding 18.1%.
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
Our Awards
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.