Senegal Returning to Regional Market With $245 Million Bond Offering

• IMF support suspended after $7bn in hidden debt revealed
• Dakar now relies more on local markets as yields edge higher

Senegal is returning to West Africa’s regional debt market with a CFA150 billion ($245 million) bond sale, hoping to secure budget financing after revelations of $7 billion in hidden liabilities and the suspension of its IMF programme rattled investors.