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Bond Market News
Senegal’s Dollar Bonds Trade Weaker
April 24, 2025
Senegal’s dollar bonds were trading weaker across the curve. Late last week, the IMF said that it will take until at least May, to decide whether Senegal must repay money disbursed under its earlier programme. The IMF had earlier suspended Senegal’s $1.8bn financing program in October, following an audit that uncovered significant underreporting of public finances by the previous administration. An IMF spokesperson said, “The authorities are making every effort to secure the waiver”, adding that a decision would be made depending upon them obtaining the final debt numbers and reaching an agreement with Senegal on corrective action.
Senegal’s 6.25% 2033s were down by 1.7 points, trading at 65.9, yielding 14.04%.
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