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Bond Market News
Senegal’s Dollar Bonds Rally on Election Announcement By Month-End
March 8, 2024
Senegal’s dollar bonds were among the top gainers after authorities announced that their delayed elections will take place this month. This comes just days before the President Macky Sall’s term expires and following the dissolving of his government so that his chosen successor Amadou Ba could focus on the campaign. He said that the ballot would go ahead on March 24 before his term ends. Senegal’s elections were initially scheduled for February 25 but were called off by the President, seeking a ten-month delay for an inquiry into the process of selecting presidential candidates.
Senegal’s 6.25% 2033s were up 1.3 points to 86.19, yielding 8.64%.
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