Ivorian investors prop up Senegal’s debt amid fiscal uncertainty

• Three-year Treasury bond oversubscribed but reveals heavy reliance on Ivorian investors
• IMF pause, undisclosed liabilities, and looming repayments add pressure

Senegal raised 196.8 billion CFA francs ($320 million) on Monday through a three-year Treasury bond issuance, reaffirming its access to the West African debt market but also highlighting its reliance on a narrow pool of investors, primarily based in Côte d’Ivoire.